How far away is the horizon date? the terminal, or horizon, date is year 0 since the value of a common stock is the present value of all future expected dividends at time zero. the terminal, or horizon, date is the date when the growth rate becomes nonconstant. this occurs at time zero. the terminal, or horizon, date is the date when the growth rate becomes constant. this occurs at the beginning of year 2. the terminal, or horizon, date is the date when the growth rate becomes constant. this occurs at the end of year 2. the terminal, or horizon, date is infinity since common stocks do not have a maturity date.

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

How much more output does the $18 trillion u.s. economy produce when gdp increases by 3.0 percen?