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NEW QUESTION: 1
A stock has a beta of 1.1 and the risk-free rate is 5.5%. Its dividend growth rate is 4.1% and the dividend payout ratio is 38%. If the market risk premium is 7.3%, the P/E ratio of the stock equals ________.
A. 3.86
B. 6.73
C. 4.03
D. 7.19
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The required rate of return on the stock can be found using CAPM, which gives Rstock = k = Rf + beta* (Rm - Rf) = 5.5% + 1.1*7.3% = 13.53%. Therefore, P0/E1 = dividend payout/(k - g) = 0.38/(0.1353 - 0.041)
= 4.03.
NEW QUESTION: 2
Ann, a network administrator, is in the process of cleaning network switches for resale. Ann splashes the cleaning agent in her eye and needs to know the procedure of cleansing her eye. To which of the following should Ann refer?
A. MSDS
B. MOU
C. EULA
D. SLA
Answer: A
NEW QUESTION: 3
自動リリースプロセスの動作を管理するために、どのリリース推奨パラメーターを利用できますか？
A. 自動リリースの計画オーダータイムフェンス
B. 自動リリース間隔（日数）
C. ユーザーのみがリリース
D. 自動リリースの圧縮日数の許容範囲
E. クイックリリースタイムフェンス
Answer: E
NEW QUESTION: 4
D. Vious and Associates is a small broker-dealer trying to generate more business. To this end, the firm had a professional four-color brochure printed that provides the years of industry experience of its management along with other information. The firm's founder, Ms D Vious, is listed as having over 30 years of experience in the industry. Ms D Vious has worked for broker-dealers for over 30 years, but for
20 of those 30 years, she was a secretary.
Has D Vious violated any securities laws?
A. No Technically, Ms D Vious does have over 30 years of experience in the industry, even though it was not in the capacity of an agent or a broker-dealer.
B. Yes The broker-dealer is making a misleading statement in an advertising brochure in order to convince investors to do business with the firm.
C. No Ms D Vious' years of experience is not a material fact that would affect an investor's investment decision.
D. No Advertising brochures are not securities.
Answer: B
Explanation:
Explanation/Reference:
Explanation: Yes. The broker-dealer is making a misleading statement in an advertising brochure in order to convince investors to do business with the firm. This is deceitful and misleading, and persons involved in the securities industry are prohibited from making deceitful and misleading statements.
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