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NEW QUESTION: 1
Merryweather, a manufacturer of summer casual wear, has a return on equity of about 10.6%. It typically pays out about 27% of its earnings as dividends. The firm's stock has a beta of +0.23. The market has an expected return of 16.2% and the prevailing risk-free rate is 6.9%. Merryweather recently announced that last year's EPS was $4.3 per share. Given these data, Merryweather's share price should be:
A. $91.19
B. $78.29
C. $96.07
D. $84.84
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The dividend growth rate, g = ROE*(1-payout ratio) = 0.106*(1-0.27) = 7.738%.
The dividend this year was 4.3*0.27 = $1.16. Therefore, expected dividend next year = D1 = (1+g)*Do
1.07738*1.16 = $1.25.
The required rate of return on the stock can be found using CAPM, which gives Rstock = Rf + beta*(Rm - Rf) = 6.9% + 0.23*(16.2% - 6.9%) = 9.039%.
Therefore, Po = D1/(k-g) = 1.25/(9.039% - 7.738%) = $96.07.
NEW QUESTION: 2
Hinweis: Diese Frage ist Teil einer Reihe von Fragen, die dasselbe Szenario darstellen. Jede Frage in der Reihe enthält eine eindeutige Lösung. Stellen Sie fest, ob die Lösung die angegebenen Ziele erfüllt.
Sie haben eine Tabelle mit einem Clustered-Index und einem Nonclustered-Index. Die Indizes verwenden andere Spalten aus der Tabelle. Sie haben eine Abfrage mit dem Namen Query1, die den nicht gruppierten Index verwendet.
Benutzer geben an, dass es lange dauert, bis Query1 Ergebnisse ausgibt. Sie führen Query1 aus und überprüfen die folgenden Statistiken für eine Indexsuchoperation:
Sie müssen das Leistungsproblem beheben.
Lösung: Sie aktualisieren die Statistiken für den nicht gruppierten Index.
Entspricht die Lösung dem Ziel?
A. Nein
B. Ja
Answer: B
Explanation:
Explanation
We see Actual Number of Row is 3571454, while Estimated Number of Rows is 0.
This indicates that the statistics are old, and need to be updated.
NEW QUESTION: 3
最も高い価値を表すライセンスモデルはどれですか。
A. サブスクリプション
B. エンタープライズ契約
C. 移動しながら支払う
D. トランザクション
Answer: B
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