You are trying to estimate the intrinsic value of the shares
of Flying High Ltd, a manufacturer of unmanned aerial vehicles, or
drones. The company is headquartered in Melbourne, and sells its
drones
Answers
The intrinsic value of the shares of Flying High Ltd is $26.96.
We know from the question that Dividend per share (D0) = $2.83, Shares outstanding (n) = 40,000, Risk-free rate (rf) = 3.1%, Equity risk premium (ERP) = 8.5%, Beta (β) = 1.3.
We know that the Gordon Growth Model can be used to calculate the intrinsic value of a stock. The formula for the Gordon Growth Model is as follows:
P0 = D1 / (r - g)
Where, P0 is the intrinsic value of the stock, D1 is the expected dividend payment in the next period, r is the discount rate, and g is the growth rate of dividends per share
If we assume that the annual dividend growth rate (g) of the firm is constant then the intrinsic value can be calculated using the following formula:
P0 = D0 (1 + g) / (r - g)
Here, D0 is the current dividend payment.
The expected dividend for the next period (D1) can be calculated using the following formula:
D1 = D0 (1 + g)
The growth rate of dividends can be calculated using the retention ratio (b) and return on equity (ROE) as follows:
g = b × ROE
We can calculate the retention ratio as follows:
b = (Earnings - Dividends) / Earnings
We are not provided with the earnings and ROE of the firm, but we can calculate the retention ratio (b) using the dividend payout ratio (d) as follows:
b = 1 - d
Where d is the dividend payout ratio.
We can calculate the expected dividend (D1) as follows:
D1 = D0 (1 + g) = D0 (1 + b × ROE)
Here, b = 1 - d
The expected dividend payout ratio can be assumed to be constant based on the historical performance of the firm. We can assume that the dividend payout ratio (d) is 60%
Therefore, the retention ratio (b) will be:
b = 1 - d = 1 - 0.60 = 0.40
Assuming that the expected return on equity (ROE) is 10%, the growth rate (g) of dividends can be calculated as follows:
g = b × ROE = 0.40 × 10% = 4%
We can now calculate the intrinsic value of the stock using the Gordon Growth Model:
P0 = D1 / (r - g) = D0 (1 + g) / (r - g)
Here, D0 = $2.83
r = rf + β × ERP = 3.1% + 1.3 × 8.5%= 14.9%g = 4%
P0 = $2.83 (1 + 4%) / (14.9% - 4%) = $2.83 × 1.04 / 10.9%= $26.96
Therefore, the intrinsic value is $26.96.
Note: The question is incomplete. The complete question probably is: You are trying to estimate the intrinsic value of the shares of Flying High Ltd, a manufacturer of unmanned aerial vehicles, or drones. The company is headquartered in Melbourne, and sells its drones throughout Australia and New Zealand. It is a public company, but is not yet listed on the stock exchange. There are 40,000 shares outstanding. The firm pays an annual dividend. The most recent dividend was $2.83. The risk-free rate is 3.1%, the equity risk premium is 8.5% and the beta of the firm's shares is 1.3.
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Related Questions
According to your responses to the questionnaire, what is/are your group's strength(s)?
Answers
1. Which of the following answers is the best
definition of language families:
a) Languages are familiar with each other
b) Languages are spoken in the same country
c) Languages are spoken on the same d) Languages have the same root.
Answers
Which statement best explains the effectiveness of this introduction paragraph?
Smoothies can be made at home. There's no need to head down to the local smoothie shop for a refreshing and healthy snack. With just a blender, a few pieces of fruit, and a dab of yogurt, you can make your own sweet treat.
A. The introduction is effective because the first sentence helps make the main idea of the essay seem important and fascinating.
B. Although the introduction presents valid background information, it is ineffective because the main point of the essay is unclear.
C. The introduction is effective because it establishes credibility by giving background information that shows that the author is an expert.
D. Although the introduction establishes a strong focus, it is ineffective because the first sentence does not introduce the topic in an engaging way.
Answers
Answer:
Although the introduction presents valid background information, it is ineffective because the main point of the essay is unclear.
Answer: The answer is d
Explanation: Saying smoothies can be made ay home in a very unprofessional and not that intriguing way to start a intro
Do you believe Mr. Radley’s explanation of why he put cement in the tree? Support your view.
Answers
Yes, because The "tree was withering," but in reality, he covered it with cement to prevent Jem and Scout from placing objects inside of it.
Why do you suppose Mr. Radley injected the tree with cement?Radley explains to Jem that the "'Tree's dying,'" which is why he "cement the knothole. Both Mr. Radley and Jem are aware that the tree is in good condition and that the hole has been sealed to prevent Jem and Scout from finding any additional hidden treasures.
Therefore, the knothole has been covered with cement when Jem and Scout return the next day. The following day, when Jem inquires about the knothole, Mr. Radley (Boo's brother Nathan Radley) responds that he filled the hole since the tree was dying.
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what advice did Lincoln give Fairbanks about how to stop slavery what logic did Fairbanks used to explain what he was doing
Answers
The book was prepared during the author’s residence abroad, where he did not have at hand for reference all the authorities needed, and as it was stereotyped in London the above oversights were not at once detected. 4 5
PREFACE.
I MAKE no apology for adding another “Life of Abraham Lincoln” to the many already written, as I believe it impossible to make such an example of successful perseverance allied to honesty, as the great President gave, too well known to the world. And as I know of no other man whose life shows so perfectly what may be effected by resolute self-culture, and adherence to good principles in spite of obstacles, I infer that such an example cannot be too extensively set before all young men who are ambitious to do well in the truest sense. There are also other reasons why it should be studied. The life of Abraham Lincoln during his Presidency is simply that of his country—since he was so intimately concerned with every public event of his time, that as sometimes happens with photographs, so with the biography of Lincoln and the history of his time, we 6 cannot decide whether the great picture was enlarged from the smaller one, or the smaller reduced from a greater. His career also fully proves that extremes meet, since in no despotism is there an example of any one who ever governed so great a country so thoroughly in detail as did this Republican of Republicans, whose one thought was simply to obey the people.
It is of course impossible to give within the limits of a small book all the details of a busy life, and also the history of the American Emancipation and its causes; but I trust that I have omitted little of much importance. The books to which I have been chiefly indebted, and from which I have borrowed most freely, are the lives of Lincoln by W. H. Lamon, and by my personal friends H. J. Raymond and Dr. Holland; and also the works referring to the war by I. N. Arnold, F. B. Carpenter, L. P. Brockett, A. Boyd, G. W. Bacon, J. Barrett, Adam Badeau, and F. Moore. Kentucky Abraham Lincoln Bicentennial Commission
The Kentucky Abraham Lincoln Bicentennial Commission (KALBC) was established by executive order in 2004 to organize and coordinate the state's commemorative activities in celebration of the 200th anniversary of the birth of President Abraham Lincoln. Its mission is to ensure that Lincoln's Kentucky story is an essential part of the national celebration, emphasizing Kentucky's contribution to his thoughts and ideals. The Commission also serves as coordinator of statewide efforts to convey Lincoln's Kentucky story and his legacy of freedom, democracy, and equal opportunity for all.
Help meee please :(
Answers
Answer:
2.she fall down.
3.our car break down.
4.he was out of water.
5.she took of her ice skates.
6.i take off my shirt.
Explanation:
How do the concept vocabulary words sharpen your understanding of the characters' feelings about the future?
Answers
Vocabulary words help you better grasp the emotions of the characters by outlining their meanings and supplying knowledge about the actions taken in the story.
What is vocabulary?The words and phrases that an individual or a group of individuals use or understand collectively constitute their vocabulary. It is impossible to exaggerate the significance of vocabulary in reading skills because vocabulary is the collection of words that define a language.
More vocabulary learning improves communication. The value of vocabulary can be shown in the learning of spelling. This helps children in learning the meaning of various words based on the provided spelling.
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PLEASE HELP WITH THIS TEST
Besides romantic love, the play address love between friends. How does the play reveal that even love between friends can be a battle?
(in A Midsummer Night's Dream)
Hermia believes that Helena has stolen Lysander’s heart.
Helena believes that Hermia has stolen Demetrius’s heart.
Demetrius believes that Lysander has stolen Helena’s heart.
Lysander believes that Demetrius has stolen Helena’s heart.
Answers
Answer:
Hermia believes that Helena has stolen Lysander’s heart.
Explanation:
In "A Midsummer Night's Dream" we can see how love can destroy a long-standing friendship. That's because Hermia and Helena have been friends since childhood and Hermia loves Lysander who also loves her, while Helena loves Demetrius, but after being bored Lysander starts to agri as if she loves Helena, creating a friction between the two friends, because Hermia starts to think that Helena seduced Lysander, even though she knew of the love that existed between them.
How does Sammy contribute to the theme of the story?
Answers
In the story, both the A&P consumers and the two girls with Queenie are referred to by Sammy as "sheep." Sammy uses the image of a sheep to represent those who blindly go along with the crowd. Sheep represent the purest, most mindless compliance.
What is A&P about?
John Updike's tragicomic short story "A&P" was published in 1961. The A&P in Updike's narrative is what M. Gilbert Porter described as "the common denominator of middle-class suburbia, a fitting metaphor for [the] mass ethic of a consumer-conditioned society." Porter claims that the main character decides to rebel against the A&P and this consumer-conditioned culture when he does so, and that by doing so, he "has decided to live honestly and profoundly." The narrative, in contrast, was dubbed "deftly recounted drivel" by William Peden since it only involved the checking clerk's fascination with three females wearing swimming suits.
A&P, which was initially published on July 22, 1961, and later appeared in the anthology Pigeon Feathers.
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How does Sammy contribute to the theme of the story?
What type of clause or phrase is italicized in the sentence below?
Jumping across the ditch, the fire threatened our house.
O appositive
O infinitive
O present participial phrase
o adverb clause
O adjective clause
Answers
Answer: present participle phrase
Explanation: Jumping across the ditch, the fire threatened our house.
Jumping is the present participle. It describes the action of the fire, it ends in "ing" but it is not the main verb in the sentence.
DeShawn is writing a media analysis essay about British propaganda during World War II, and one of his examples is this poster. Poster to apply at the nearest R. A. F. Recruiting depot in London. Which is the most effective topic sentence for his paragraph about this poster? One poster uses an image of a family picnicking in a field with military planes flying overhead to equate the country’s safety with the safety of loved ones. One poster uses an image of a family in a field observing military planes to show that there are many activities that a family can enjoy together. One poster uses an image of a family picnicking in a field to show that some people choose to stay at home instead of protect their country. One poster uses an in image of a family in a field unaware of the military planes overhead to present the idea that people should be grateful to pilots.
Answers
Answer:
Its A
Explanation:
got it right on edge 2021
Answer:
A.
Explanation:
what is the difference between a purpose statement and a thesis statement? group of answer choices a purpose statement is delivered directly to the audience and provides the central idea of the speech. there is no difference between the purpose statement and the thesis statement.
Answers
The difference between a purpose statement and a thesis statement is d. A purpose statement describes exactly what you want your speech to accomplish, while a thesis statement tells your listeners the central idea of the speech.
The sentence that summarizes a writing assignment's core topic serves as the thesis statement and aids in organizing the ideas that will be included in the paper. It is more than just a subject. It frequently reflects the writer's assessment of a piece of literature or a personal encounter.
A purpose statement sums up your company's motivations, which go beyond just turning a profit. Additionally, it shows how well your product or service benefits the clients you work with. Once your purpose is clear, you'll need a set of goals to help you achieve it.
The options for the question are:
a.A thesis statement outlines one of three basic ways a speaker seeks to affect an audience: to entertain, inform, or persuade, while a purpose statement describes the precise effect that the speaker wants to have on an audience.
b.A purpose statement is delivered directly to the audience and provides the central idea of the speech.
c.There is no difference between the purpose statement and the thesis statement.
d.A purpose statement describes exactly what you want your speech to accomplish, while a thesis statement tells your listeners the central idea of the speech.
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Drag the tiles to the correct boxes to complete the pairs. Match each nutrition monitoring survey to its description. CSFII NFCS NHANES What We Eat in America collects information on attitudes, knowledge, and beliefs on healthy eating arrowRight collects information on health status arrowRight collects information on food consumption arrowRight collects information on health status and food intake arrowRight
Answers
Answer:
The description for each health survey has been placed underneath its heading, please see below:
CSFII
collects information on food consumption
NFCS
collects information on health
NHANES
collects information on health status and food intake
What We Eat in America
collects information on attitudes, knowledge, and beliefs on healthy eating
Hope that answers the question, have a great day!
(also, please remember to give 'brainliest' if you found this answer helpful :)
Answer:
collects information on attitudes, knowledge,
and beliefs on healthy eating-CSFII
collects information on health status-NHANES
collects information on food consumption-NFCS
collects information on health status and food
intake-What We Eat in America
Explanation:
Women are inferior to men. *
bias or prejudice?
Answers
Answer:
Prejudice
Explanation:
Bias is an inclination for or against a person, idea or thing, especially in a way considered to be unfair whereas preconceived notion that is not based on actual experience or reason..
Prejudice is a preconceived opinion that is not based on actual experience or reason. It is often considered to be a negative, unfair towards a person based on that person’s membership in a particular social group.
The main difference is that Bias is someone's inclination and Prejudice is a preconceived opinion.
In this situation you can tell that its prejudice because Bias results in unfairness while Prejudice often results in discrimination.
When someone says that women are inferior to men, they often mean to jeer at or look down on them. Resulting in discrimination based on gender.
A Good Place for Maggie
by Ofelia Dumas Lachtman (excerpt)
For the last hour she had been so intent on the changing countryside that she forgot to buy gas. The gauge said empty. She drove on, dreading the moment when the motor would draw on the last drop of gasoline and give up. She was driving on a narrow country road lined with tall eucalyptus trees and nothing else. Then in a clearing on the left side of the road, she saw a battered old sign with faded red letters: G-A-S. No, it wasn’t a mirage; it was more like a miracle. With a grateful sigh she turned into the run-down station, bumping over broken concrete and coming to a stop by one of two pumps.
A weary-looking old man in grease-spotted overalls appeared beside her. “Fill ‘er up?”
“Is it cheaper if I pump it myself?” It didn’t look as if he’d take a credit card and she was low on cash.
“All the same here, missy,” the man called, rounding the car. “Fill ‘er up?”
Maggie said yes, please go ahead, and climbed out of the blue VW. Good thing I didn’t splurge on lunch, she thought, staring at the pumps. Gas is almost twice as high up here as it is in Los Angeles. But I’m not complaining. When she had driven mile after mile without finding a gas station, she had begun to think that maybe being sixteen and a half didn’t make her that smart; maybe a trip like this was a little much for her. Now she felt better. She stretched and thought, Dad would be proud of me. I’m doing what is right for me. Oh, I’ll miss my friends, especially Mim and Lorena. I’ll even miss Ryan. I wonder if he was really going to ask me to the TGI June bash? Well, that’s history. Now is now.
1
Select the correct answer.
Which text structure does the author use in the underlined sentence?
A.
foreshadowing
B.
flashback
C.
figurative language
D.
parallel plot
Reset Next
Answers
The underlined sentence in the given excerpt does not employ any specific text structure, such as foreshadowing, flashback, figurative language, or parallel plot. Instead, it simply presents the protagonist's thoughts and reflections about her past and present situation. Correct option is A
Maggie is on a road trip and has been driving for hours, forgetting to buy gas along the way. As she finally finds a run-down gas station, she is relieved and grateful for the opportunity to fill up her car.
While waiting for the gas to pump, she reflects on her life back home and her current journey. She thinks about her friends, her crush, and her father, who she believes would be proud of her for taking this trip.
The author's use of this simple, straightforward narrative style helps to create a sense of immediacy and intimacy with the protagonist. By sharing Maggie's thoughts and feelings, the author allows the reader to empathize with her and understand her motivations for embarking on this journey.
This style also serves to highlight the importance of the moment for Maggie - the relief of finding gas, the sense of accomplishment in taking on a challenging journey, and the emotional weight of leaving her old life behind.
Overall, the author's use of this narrative style is effective in creating a vivid and engaging story. The reader is drawn into Maggie's world and invested in her journey, eager to see where it will take her next.
By avoiding complex text structures and instead focusing on character development and emotional resonance, the author is able to create a compelling and relatable story that will resonate with readers of all ages.
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True or False: For job advancement, attitude is not a consideration as long as you do your job.
Answers
Answer:
False
Explanation:
People in the job industry look for a positive attitude in the environment. If someone walks around with a negative attitude all day, the company won't think to promote them because they don't want the people at the top to be degrading.
For job advancement, attitude is not a consideration as long as you do your job, is the false statement.
What is job advancement?The upward trend of a person's professional journey is called career advancement. Examples include moving up the corporate ladder from an entry-level position to management or changing careers.
You can develop your career to the fullest extent possible. This is due to the fact that it encourages you to seize fresh possibilities rather than procrastinating too long in your current position. You'll be more driven at work if you advance in your career.
Advancement, however, is distinct from job promotion in a number of respects. Salary, power, obligations on the job, and even location or area can differ. All promotions are presumably considered career advancement, even though not all instances of career advancement are promotions.
Thus, it is the false statement.
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What was edible forest are shouting up across America about
Answers
In contrast to "Edible forests are sprouting up across America", I agree that it's good to have edible food where the public can eat and harvest it.
Why i agreed with the response of edible forest sprouting across the America ?One reason I agree for edible forest is that if homeless people's live nearby they can have a source of food and not starve anymore . Another reason for edible forest is that poor people who do not have a much money usually have to purchase the non- healthy food as it's cheaper in price . Now rather of being unhealthy they can eat much more fruits and vegetables. it suggests in the article, "All that hungry residents have to do is to show up and pickup their fill." A third reason is that it gives a space for the communities to have a gathering. Although the edible food is free and the volunteers have to do all they work, I feel edible forests provide healthy decisions and are good for health .What are edible forests?
Edible forests imitate natural ecosystems by combining trees, crops and (sometimes) livestock. Where a mono-culture uses just one layer for food production, a edible forest may be a poly-culture with many layers.
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Jared is assigned to coach a little league team that finished in last place during the prior season and he heard many parents talk about the lack of skill on the team. Sure enough, the team finished in last place again. According to __________, this outcome was more likely
Answers
Jared is assigned to coach a little league team that finished in last place during the prior season and he heard many parents talk about the lack of skill on the team. Sure enough, the team finished in last place again. According to self-fulfilling prophecy this outcome was more likely.
Self-fulfilling prophecy In psychology, the phrase “self-fulfilling prophecy” refers to one of the various “socio-psychological phenomena” that refers to someone who asserts to expect or predict something and therefore this expectation or prediction of him or her come out to be true just because he or she believes that it will occur or happen and thus the resulting behaviour tends to fulfil those beliefs. Therefore, it is responsible that a person’s ideas tend to affect their behaviour.A self-fulfilling prophesy is a phenomenon in which a person’s expectation or want turns into reality as a result of their strong beliefs controlling their behaviour.
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help
help
help
help
help
Answers
Answer:
rules: do not touch the animals in the wildlife, do not break the ice, keep away from the water unless you want to die
support the scientist by keeping a safe distance from their work and what they are working on, if you see anyone not doing this you should immediately go tell one of the scientist
you can learn and teach others by listening closely to things scientist are sharing with you , and then share it with people whom did not listen as well or couldn't be there
Explanation:
Rihanna rode her bicycle quickly through the neighborhood.
Which is the prepositional phrase in this sentence?
her bicycle quickly
Rihanna rode
through the neighborhood
Answers
Answer: through the neighborhood
Explanation:
the prepositional phrase contains a preposition and a subject. The preposition is "through," while the object it affects is "the neighborhood."
Answer:
C.) through the neighborhood
which statement best expresses a theme in the poem
Answers
Exercise 2 Underline the correct word or words in parentheses.
Sean planned the student council meeting (good, well).
Of all the fresh vegetables, I like beets (less, the least).
Answers
Sean planned the student council meeting (well).
Of all the fresh vegetables, I like beets (the least).
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I need help on this question
Answers
Answer:it pretty good
Explanation:
Can someone help me with the assessment tests for English 12? Gradpoint.
Answers
Answer:i need help lol
Explanation:
what is multiple step income statement
Answers
A multi-step income statement is one that divides total revenue and expenses into operational and non-operating categories.
It provides an in-depth examination of the company's financial performance for a given reporting period. A multi step income statement is a financial statement for a corporation that displays revenues, costs, and expenses for a certain reporting period. It provides a more extensive explanation of expenses than a single-step income statement and employs a number of calculations to calculate a company's net income.
A one-step income statement reports the business's net income using a single computation. A multi-step income statement is more detailed and determines the business's gross profit and operational income using various formulas and an itemized breakdown.
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Click here to read and refer to "An Occurrence at Owl Creek Bridge" by Ambrose Bierce in order to answer the question
below.
Which is an example of an internal conflict from the story?
O Peyton daydreams what it would be like to be free.
O Peyton wonders if he can swim ashore or not.
O Peyton is sorry for setting fire to the bridge.
O The lieutenant cannot get his men to shoot Peyton.
Answers
An example of an internal conflict from the storyAn Occurrence at Owl Creek Bridge by Ambrose Bierce in order to answer the questionbelow.Peyton daydreams what it would be like to be free.
Daydreaming is the flow of consciousness that detaches from present day, outside duties when interest drifts to a extra private and internal route. daydreaming is the flow of cognizance that detaches from present day, external duties whilst attention drifts to a extra personal and internal course
A daydream is while your thoughts wanders and your interest shifts from the project to hand whether or not it's physical or intellectual
The symptoms may encompass: severe, shiny daydreams which have a story, plotline, and notion-out characters. Daydreams induced by using real-global activities. out of control facial expressions, repetitive frame moves, or speakme or whispering out loud for the duration of daydreaming.
It's miles human nature for us to daydream greater whilst we're stressed, bored, tired, or in a hectic surroundings. but on the other hand, the handiest time wherein we do now not day dream is throughout sex.
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which verb or verb phrase signals an inappropriate shift in mood?
Answers
Write a paragraph about Defining how Rose Parks was a hero.
Answers
Answer:
Rosa Parks is a hero because she bravely took a stand for civil rights when it was dangerous to do so. ... When a bus driver asked her to leave her seat for a white passenger on December 1, 1955, Parks peacefully refused and was arrested. Her arrest led to the Montgomery Bus Boycott of December 1955–December 1956.
Explanation:
Answer:
Rosa Parks is a Rosa Parks was a civil rights leader whose refusal to give up her seat to a white passenger on a segregated bus led to the Montgomery Bus Boycott. Her bravery led to nationwide efforts to end racial segregation.hero because she bravely took a stand for civil rights!
Explanation:
1
Select the correct answer.
Listen to the thesaurus audio pronunciation for the word exuberant.
How many syllables are in the word exuberant?
O A. three
OB. four
O C. five
OD. six
Answers
Answer to your question :
B, four.
a situation in which a person can only lose or have no change represents
Answers
Answer: Pure risk
Explanation: A situation in which a person can only lose or have no change represents pure risk.
A situation in which a person can only lose or have no change represents a scenario with three possible outcomes.
In this scenario, the person has no chance of gaining anything and can only either maintain their current position or experience a negative outcome. This can be described in detail in a paragraph, highlighting the limitations and potential consequences of such a situation. In this type of circumstance, an individual cannot achieve any gains, and their potential outcomes are either to maintain their current status or to experience a loss.
In a lose-lose situation, all parties involved might fail to reach their desired outcomes or objectives. These scenarios are generally not favorable and often result from conflicts, miscommunications, or misaligned goals. Identifying and addressing the causes of a lose-lose scenario can be crucial in preventing further loss or reaching a more favorable outcome.
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