If you own 10% of the shares of a corporation's stock, and the corporation is expected to earn $9 million a year in after-tax profits forever, and the interest rate is 0.05, what is the value of your shares?
a. $18 million
b. $900,000
c. $9 million
d. $6 million
e. $180 million
A
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As the amount of labor used in production increases, total product
a. increases at low levels of labor and decreases at high levels labor. b. increases at high levels of labor and decreases at low levels of labor. c. always increases. d. always decreases.
Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $14 to $16 is
A. -1.37. B. -0.33. C. -1. D. -3.29.
In centrally planned economies, most prices are not
a. established by central planners b. inflexible c. set below the market-clearing level d. based on consumer demand e. the cause of shortages of supply
For each of the following pairs of products, state which are complements, which are substitutes, and which are unrelated
a. Blu-ray discs and video-on-demand b. Fiat 500 and Mini Cooper S c. Toothpaste and toothbrush d. Popcorn and snowboards e. Razors and razor blades