National city corporation, a bank holding company, reported earnings per share of $2.40 in 1993, and paid dividends per share of $1.06. the earnings had grown 7.5% a year over the prior five years, and were expected to grow 6% a year in the long term (starting in 1994). the stock had a beta of 1.05 and traded for ten times earnings. the treasury bond rate was 7%. (a) estimate the p/e ratio for national city corporation. (b) what long term growth rate is implied in the firm's current p/e ratio?

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?