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NEW QUESTION: 1
Assume the following information for the common stock of Clay Industries, a large industrial firm:
Required rate of return on equity: 14.5% per year
Expected growth rate: 12.50% per year
Dividend at t0: $0.70
Assuming that the growth rate will remain constant, what is the projected value of Clay Industries common stock?
A. The answer cannot be calculated from the information provided
B. $32.78
C. $35.34
D. None of these answers
E. $30.76
F. $39.38
Answer: F
Explanation:
Explanation/Reference:
Explanation:
In this example, the growth rate of dividends is assumed to remain stable, allowing the use of the Gordon Model. The Gordon Model is also known as the "constant growth dividend discount model" and takes the following form:
P0 = [D1 / (r - g)]
Where
P0 = the price of common stock X at time 0
D1 = the expected dividend at t1
r = the required rate of return on equity investments and g = the expected growth rate of dividends.
Since the dividend at t1 is not provided, we must calculate it manually by multiplying the dividend at t0 by (1 + g). This will produce an answer of $0.7875 at t1.
Now that the dividend at t1 has been determined, the given information can be put into the equation provided, leading to the following series of calculations:
P0 = [$0.7875 / (.145 - .125)] = $39.38.
When using the Gordon model, remember that the required rate of return "r" must be greater than the expected growth rate "g." Otherwise, this equation will produce a nonsensical answer.
NEW QUESTION: 2
あなたの会社では、App1という名前の複雑なアプリのソースコード管理システムとしてGitを使用しています。
App1に新しい機能を追加する予定です。
新しい機能の分岐モデルを設計する必要があります。
ブランチモデルで使用するブランチの有効期間とブランチ時間はどれですか。回答するには、回答領域で適切なオプションを選択します。
注：それぞれの正しい選択は1ポイントの価値があります。
Answer:
Explanation:
Explanation
Branch lifetime: Short-lived
Branch type: Feature
Feature branches are used when developing a new feature or enhancement which has the potential of a development lifespan longer than a single deployment. When starting development, the deployment in which this feature will be released may not be known. No matter when the feature branch will be finished, it will always be merged back into the master branch.
References:
https://gist.github.com/digitaljhelms/4287848
NEW QUESTION: 3
生命保険の一環としての「見かけの自由な条項」は、犯罪者がお金を洗うのにどのように役立つでしょうか。
A. 契約所有者は、解約料などのペナルティなしで契約を終了できます。
B. ポリシーの所有者は、ポリシーの受益者を誰にするかを自由に決定でき、このようにして、関係のない第三者にお金を移動できます。
C. 保険証券の所有者は、事前定義された期間内に保険料を支払う方法を決定できます。
D. ポリシーの所有者は、ポリシーの受益者を誰にするかを自由に決定でき、このようにして関連する第三者にお金を移動できます。
Answer: A
