If professor siegel is correct that stocks are less risky than bonds, then the risk premium on stock may be zero. assuming that the risk-free interest rate is 3.3 percent, the growth rate of dividends is 2.8 percent and the current level of dividends is $32, use the dividend-discount model to compute the level of the s& p 500 that is warranted by the fundamentals.

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)