Chittenden Enterprises has 643 million shares outstanding. It expects earnings at the end of the year to be $960 million. The firm's equity cost of capital is 9%
Chittenden pays out 30% of its earnings in total: 20% paid out as dividends and 10% used to repurchase shares. If Chittenden's earnings are expected to grow at a constant 3% per year, what is Chittenden's share price?
A) $3.74
B) $2.24
C) $7.47
D) $14.94
Answer: C
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Colgate's Total is a new toothpaste brand whose formulation, imagery, and consumer appeal were designed from the beginning to translate across national boundaries. Which strategy did Colgate use with Total?
A) product-communications extension B) product extension-communications adaptation C) product adaptation-communications extension D) dual adaptation E) product innovation
Manuel applied for a variance from the local zoning ordinance in order to build a building. His neighbor Sandra appeared before the zoning board to speak in opposition to the application. At the hearing, Sandra testified under oath and made several
untruthful statements regarding Manuel's character which she believed, but which were not correct. The variance was denied. Manuel is now considering a lawsuit against Sandra for slander. Does Manuel have a valid cause of action for slander against Sandra? Explain. What are the elements that he must prove to win a case of slander? What defenses can Sandra raise to the action?