The spot exchange rate between the gondorian tharni (the home country) and the mordorian dinar is 1/3.

a. the price of mithril is 3,000 tharni per square foot. what is its price in dinar? (10 points)

b. if the tharni depreciates against the dinar and the price in tharni stays the same, does the price of mithril in dinar rise or fall, and why? (10 points)

Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?