Jumbo Transport, an air-cargo company, expects to have earnings per share of $2.00 in the coming year. It decides to retain 10% of these earnings in order to lease new aircraft. The return on this investment will be 25%
If its equity cost of capital is 11%, what is the expected share price of Jumbo Transport?
A) $12.71
B) $14.83
C) $16.94
D) $21.18
Answer: D
Business
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The most commonly quoted currency exchange is that between the U.S. dollar and the European euro. For example, a quotation of EUR/USD 1.2174. The euro is the base currency and the dollar the price currency
Indicate whether the statement is true or false.
Business
To avoid being accused of defamation, you should
A) refuse to communicate with unhappy clients. B) make it clear to disgruntled customers that you refuse to be intimidated. C) avoid any kind of behavior that could be considered abusive. D) frequently refer to company policy. E) have all clients sign a release from liability.
Business