Lucky Dragon, Inc. has an attractive investment opportunity with return (return on new investment) equals 16% forever. The required return from Lucky Dragon shareholders is 10%. Its expected earnings at the end of this year are $8 per share (EPS_1 = $8). However, the investors require that Lucky Dragon. Inc. distributes 75% of its earnings as dividends every year.

a. What is the stock price of Lucky Dragon. Inc. today?
b. What is its expected stock price one year from now?

The largest elements of community corrections are

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable