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Problem -
Using the following proforma information regarding GE, Inc. based on analysts' forecast in early 2016:
2016E
2017E
Next 3 years
EPS
1.29
1.56
Growth at 7.59%
DPS
0.92
1.11
Growth at 10%
The book value of GE's common equity as of 6/18/16 was $128,159 million with 10,080 million shares outstanding. Use a required return for equity of 14.92% for calculations.
Required:
a. Forecast residual earnings for each of the years, 2016-2021.
b. Determine the equity value of GE; assume that earnings will grow at 4% starting from 2021. The current price as of 6/18/16 is $30.60. Should we buy the stock?
cto sell this new issue the stock would have to be underpriced by 1 and sold for 15 per share. the firm currently has
joseph max inc. sold 10-year 7 percent bonds for 1000000 at 98. on the interest payment date at the end of the 5th year
The Small town Credit Union experiences its greatest congestion on paydays from 11:30 A.M. until 1:00 P.M. During these rush periods, customers arrive according to a Poisson process at rate 2.1 per minute.
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State the null and alternative hypotheses, both in words and in symbols. Under the conditions described in the scenario, what statistical test would be appropriate? Explain the rationale for your answer
a. A contract that will pay in one-year's time 60% of the insurance company's costs on a pro rata basis b. A contract that pays $100 million in one-year's time if losses exceed $200 million.
Assuming the price level increased from 1.00 at January 1 to 1.10 at December 31, 2011, use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods sold.
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