The management of mitchell labs decided to go private in 2002 by buying all 3.20 million of its outstanding shares at $22.60 per share. by 2006, management had restructured the company by selling off the petroleum research division for $14.60 million, the fiber technology division for $9.60 million, and the synthetic products division for $20 million. because these divisions had been only marginally profitable, mitchell labs is a stronger company after the restructuring. mitchell is now able to concentrate exclusively on contract research and will generate earnings per share of $1.10 this year. investment bankers have contacted the firm and indicated that if it reentered the public market, the 3.20 million shares it purchased to go private could now be reissued to the public at a p/e ratio of 15 times earnings per share. what was the initial cost to mitchell labs to go private?

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?

If a transformational leader is supposed to be so smart and visionary, why would he or she emphasize empowerment in his or her leadership approach?