A property owner decided to give his property to the city with the condition that no alcohol consumption is allowed on the premises. The city developed the property as a golf course and made substantial investment in the development of the property. Over the years, to make up for a drop in revenue, the city allowed the club house to sell beer and wine to their customers. Which type of estate does the city have and what rights does the original owner have

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.

Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution.a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent

Provide three examples of how the purpose of investing is different than the purpose of saving