Plans to pay dividends of $1.36, $1.15, $1.35, and $.40 at the end of the next four years, respectively. After that, the company will be sold and shareholders are expected to receive $82.40 per share in Year 6 when the sale should be finalized. If the required return is 11.4 percent, what is the current value of one share of this stock

MV=$46.5

Explanation:

MV=D1/(Ke-g)

Mv=1.15/(.114-0.089)

MV=46.5

Where MV=?

Ke=11.4%

g=8.95% it calculated by discounting all dividends with Ke

D1=1.15

The present value of the stock is $46.50

Explanation:

Current Value of the stock equals present value of all future cash flows

P = Future value/1+ Discount rate ^n

   =1.36/1+0.114+1.15/1+0.114^2+1.35/1+0.114^3+0.40/1+0.114^4+82.40/1+0.114^6

   =1.2208+0.9267+0.9765+0.2597+43.1138

=$46.4975/$46.50

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

i guess you could put raise the economic balance