You are evaluating the purchase of Cellars, Inc. common stock that just paid a dividend of $1.80. You expect the dividend to grow at a rate of 12% for the next three years
You plan to hold the stock for three years and then sell it. You estimate that a required rate of return of 17.5% will be adequate compensation for this investment. Calculate the present value of the expected dividends.
A) $4.91
B) $5.40
C) $9.80
D) $6.80
Answer: A
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Ren is a new recruiter. She wants to make sure that the recruiting process she uses yields a high return of qualified hires for the company. Ren should consider doing all but which one of the following activities to increase her chances of success?
A. Set up a routine contact with those applicants of interest to keep them informed about the progress of the search. B. Send a rejection letter to each applicant who was interviewed so they will know they are not chosen and encourage them to consider other opportunities at the company. C. Save time by contacting only those applicants who seem to be a good fit, responding to the other applicants only if they contact her directly. D. Keep an accurate database of all applicants with information about when they applied, etc., for as long as the law requires so that she can reference the information when there are job openings that fit the applicants' qualifications.
An agency agreement to perform an act that requires a writing
a. must itself be in writing. b. may be oral or written. c. cannot be an express agreement. d. violates the statute of frauds.