Belmont acts as a surety for a loan to Diablo from Chaffin. In which of the following cases would Belmont be released from liability?
I. Diablo dies.
II. Diablo files bankruptcy.
III. Chaffin modifies Diablo's contract, increasing Diablo's risk of nonpayment.
A. I only.
B. III only.
C. I and III only.
D. I, II, and III.
B. III only.
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Indicate whether the statement is true or false
Motor Homes Inc (MHI) is presently in a stage of abnormally high growth because of a surge in the demand for motor homes
The company expects earnings and dividends to grow at a rate of 20% for the next 4 years, after which time there will be no growth (g=0 ) in earnings and dividends. The company's last dividend was $1.50. MHI has a beta of 1.6, the return on the market is currently 12.75%, and the risk-free rate is 4%. What should be the current price per share of common stock? A) $15.17 B) $17.28 C) $22.21 D) $19.10 E) $16.20