Google has just declared a dividend of $2.12 on its common stock. Dividends are paid annually. Dividends are expected to grow at the rapid pace of 10% for the next 4 years, after which growth is expected to slow to 3% per annum forever
During the rapid growth phase, the required return on this investment will be 20%, and it is expected to drop to 12% when growth slows. What is the current market value of this stock?
A) $19.73
B) $23.98
C) $25.33
D) $29.43
E) $74.70
B
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On May 1, the Chris Company borrowed $30,000 from the Third Street Bank on a 1-year, 6% note. If the company keeps its records on a calendar year, an entry is needed on December 31 to increase
a. Interest Expense, $600. b. Interest Expense, $1,800. c. Interest Payable, $900. d. Interest Payable, $1,200.
In liability fraud, liabilities are most often:
a. understated. b. overstated. c. recorded as assets. d. recorded as expenses.
On the first week of his new sales job, Bryan closed a huge sale. Although his work since has been average, he still receives excellent performance appraisal reviews. It is likely his manager is making a _________ error.
A. similarity B. proximity C. halo D. distributional E. ranking
Mineral rights are considered to be part of real property
Indicate whether the statement is true or false