Oneida Inc, the world's largest producer of stainless steel and silverplated flatware, reported earnings per share of $0.80 in 1993, and paid dividends per share of $0.48 in that year. The firm was
expected to report earnings growth of 25% in 1994, after which the growth rate was expected to
decline linearly over the following six years to 7% in 1999. The stock was expected to have a beta of
0.85. (The Treasury bond rate is 6.25%, and the risk premium is 5.5%.)

a. Estimate the value of stable growth, using the H model.
b. Estimate the value of extraordinary growth, using the H model.
c. What are the assumptions about dividend payout in the H model?

Reliable electric is a regulated public utility, and it is expected to provide steady dividend growth of 5% per year for the indefinite future. its last dividend was $6 per share; the stock sold for $50 per share just after the dividend was paid. what is the company’s cost of equity? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.