Simpkins corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. however, investors expect simpkins to begin paying dividends, with the first dividend of $0.75 coming 3 years from today. the dividend should grow rapidly - at a rate of 65% per year - during years 4 and 5. after year 5, the company should grow at a constant rate of 7% per year. if the required return on the stock is 14%, what is the value of the stock today (assume the market is in equilibrium with the required return equal to the expected return)? do not round intermediate calculations. round your answer to the nearest cent.

Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?