Fauci Corp. plans to retain and invest all of their earnings for the next 5 years. Investors believe that 6 years from now, the firm will begin to pay a dividend of $3 per share. Thereafter, the dividend will increase at 2% annually, forever. If the stock’s required return is 12%, what should the stock sell for today? (even though it will not pay dividends for 6 years)?

answer; i believe the correct answer is (75 years);

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; commerce clearing house;