Which of the following statements about damages in tort is TRUE?
A) Any damages which are reasonably foreseeable are recoverable.
B) Any damages which are the natural consequences of the tortuous conduct are recoverable.
C) The recoverability of damages is limited by the concept of remoteness.
D) Both A and C
E) All of the above
D
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Peter Smith has just won the state lottery and has the following three payout options for after-tax prize money
1. $64,000 per year at the end of each of the next six years 2. $304,000 (lump sum) now 3. $502,000 (lump sum) six years from now The annual discount rate is 9%. Compute the present value of the third option. (Round to nearest whole dollar.) Present value of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 0.857 0.842 0.826 3 0.794 0.772 0.751 4 0.735 0.708 0.683 5 0.681 0.650 0.621 6 0.630 0.596 0.564 7 0.583 0.547 0.513 A) $240,000 B) $98,133 C) $101,717 D) $299,192
Last month, Springfield Power Co announced that shareholders of record on this coming Friday will receive a dividend of $2.75 per share. (Assume that the dividend will also be paid on Friday)
After this Friday, the next dividend is expected in one year's time. Dividends are expected to be paid annually in perpetuity and are expected to grow at a rate of 5%. Shareholders of Springfield Power Co require a 12.5% return on equity. What is the stock price of Springfield Power on Tuesday? (Preceding the Friday Day of Record.) A) $32.00 B) $37.66 C) $41.25 D) $43.91 E) $46.25