Under what type of rate regulation are insurers required to obtain approval of rates before using them if the rate change exceeds a specified predetermined range?
A) flex-rating law
B) prior-approval law
C) file-and-use law
D) use-and-file law
Answer: A
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Which leadership theory or model do you prefer? Why?
What will be an ideal response?
Morty Seinfeld owns 100 shares in a tobacco company called Tarbox. Morty brags about its steady, annual dividend of $1.25 per share. You are jealous of the dividend but philosophically opposed to "sin" companies, so you can't buy the stock
Instead, you have identified the Paper Street Soap Factory (PSSF) which is developing a new biodegradable bath soap. The company plans to begin paying an annual dividend of $1.25 starting in three years. Stockholder in both companies require a return of 8%. A stock price and dividend forecast for the two companies is provided in the table. (Assume that dividends are paid in perpetuity.) Your plan is to buy shares in PSSF today, sell some at Year 1, some at Year 2 and then hold the remainder in perpetuity. How many shares do you have to buy today in order to earn the same annual income as Morty? Tarbox PSSF Year Price Dividend Price Dividend 0 15.625 13.39592 1 15.625 1.25 14.46759 0 2 15.625 1.25 15.625 0 3 15.625 1.25 15.625 1.25 4 15.625 1.25 15.625 1.25 A) 100.00 B) 108.00 C) 108.64 D) 116.00 E) 116.64
In establishing a dividend policy, a firm should retain funds for investment in projects yielding higher returns than the owners could obtain from external investments of equal risk
Indicate whether the statement is true or false
During his ________ your Uncle Harvey decides to cut you out of his will
Fill in the blank(s) with the appropriate word(s).