When the absolute value of price elasticity of demand is ________, the category is price elastic
A) less than 1
B) equal to 0
C) greater than 1
D) equal to 1
C
Business
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Calculate the current stock Fair Value for a firm that is expected to have extraordinary growth of 25% for four years, after which it will face more competition and slip into a constant growth rate of 5%. Its required return is 14% and next year's dividend is expected to be $5.00.
A) $87.68 B) $95.20 C) $83.33 D) $76.50
Business
Calculate the present value of an annuity of $3,900 each year for four years, assuming an opportunity cost of 10 percent
What will be an ideal response?
Business