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NEW QUESTION: 1
Merryweather, a manufacturer of summer casual wear, has a return on equity of about 10.6%. It typically pays out about 27% of its earnings as dividends. The firm's stock has a beta of +0.23. The market has an expected return of 16.2% and the prevailing risk-free rate is 6.9%. Merryweather recently announced that last year's EPS was $4.3 per share. Given these data, Merryweather's share price should be:
A. $96.07
B. $78.29
C. $84.84
D. $91.19
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The dividend growth rate, g = ROE*(1-payout ratio) = 0.106*(1-0.27) = 7.738%.
The dividend this year was 4.3*0.27 = $1.16. Therefore, expected dividend next year = D1 = (1+g)*Do
1.07738*1.16 = $1.25.
The required rate of return on the stock can be found using CAPM, which gives Rstock = Rf + beta*(Rm - Rf) = 6.9% + 0.23*(16.2% - 6.9%) = 9.039%.
Therefore, Po = D1/(k-g) = 1.25/(9.039% - 7.738%) = $96.07.
NEW QUESTION: 2
デフォルトでは、Cisco WSAアクセスログにはどの2つの情報が含まれていますか？ （2つ選択してください。）
A. ユーザーエージェント
B. HTTPリクエストコード
C. トランザクションID
D. クライアントIPアドレス
E. コンテンツタイプ
Answer: B,D
NEW QUESTION: 3
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A. add a Table node as the terminal node
B. insert any Output node
C. add a Type node
D. Make the terminal node a scoring branch
Answer: D
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