ART has come out with a new and improved product. As a result, the firm projects an ROE of 28%, and it will maintain a plowback ratio of 0.25. Its earnings this year will be $5.0 per share. Investors expect a 17% rate of return on the stock. What price do you expect ART shares to sell for in 4 years?

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Answer 1

The price you can expect ART shares to sell in 4 years is $50.62.

To calculate the expected price of ART shares in 4 years, we can use the dividend discount model formula:

P0 = (D1 / (r - g))

where P0 is the present stock price, D1 is the next year's dividend, r is the required rate of return, and g is the growth rate of dividends.

1. First, let's find the growth rate (g):

g = ROE * Plowback Ratio = 0.28 * 0.25 = 0.07 (7%)

2. Next, calculate the next year's dividend (D1):

D1 = Earnings per Share * (1 - Plowback Ratio) = $5 * (1 - 0.25) = $3.75

3. Now, apply the dividend discount model formula:

P0 = ($3.75 / (0.17 - 0.07)) = $37.50

To find the expected price in 4 years (P4), we can use the formula:

P4 = P0 * (1 + g)^4

P4 = $37.50 * (1 + 0.07)^4 = $50.62

So, you can expect ART shares to sell for approximately $50.62 in 4 years.

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Related Questions

EARTHSC 2GG3. Course Title. Natural Disasters. Instructor. M. Padden. Term. Fall 2021. Outline. Outline. Course Code. EARTHSC 2GG3. Course Title.

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The course "Natural Disasters" (EARTHSC 2GG3) was taught by instructor M. Padden during the Fall 2021 term. It focused on studying the occurrence, causes, and impacts of various natural disasters.

The course "Natural Disasters" (EARTHSC 2GG3) was offered during the Fall 2021 term and instructed by M. Padden. This course aimed to provide students with an in-depth understanding of natural disasters, including their occurrence, causes, and the impact they have on the environment and human populations.

Throughout the course, students likely explored a range of topics related to natural disasters, such as earthquakes, hurricanes, floods, wildfires, and volcanic eruptions. They may have examined the geological processes behind these events, including plate tectonics, climate patterns, and weather phenomena.

In addition, the course may have covered the social, economic, and environmental consequences of natural disasters, including their effects on infrastructure, communities, and ecosystems. Students might have also studied disaster management strategies, including prevention, mitigation, and response measures.

Overall, the course "Natural Disasters" provided students with a comprehensive understanding of the science and impact of natural disasters, equipping them with knowledge to analyze and address these significant events.

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What is the fallacy?

Forced military service is an issue that touches our fundamental concepts of liberty and rights. To argue in support of the draft is to concede to abrogation of inalienable rights. To persist in such support after so recent a slaughter of draftees in Vietnam is to confess a vicious moral turpitude

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The fallacy in the provided statement is known as the "Appeal to Emotion." This fallacy attempts to persuade by appealing to the emotions of the audience rather than presenting logical reasoning or evidence.

In this case, the statement utilizes emotionally charged language and evokes strong negative feelings associated with the Vietnam War and the loss of lives of draftees. By framing support for the draft as an abrogation of inalienable rights and a confession of moral turpitude, the argument tries to manipulate emotions rather than presenting a substantive argument.

While emotions can play a role in discussions and decision-making, relying solely on emotional appeals without addressing the underlying logical or factual aspects of an issue is fallacious reasoning. To have a meaningful and productive discussion about forced military service or the draft, it is important to consider a range of perspectives, analyze the historical context, examine the practical implications, and discuss the philosophical underpinnings of liberty and rights.

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A musician hits a drum with a drumstick. in three to four sentences, explain the collision forces between the drum and drumstick.

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When a musician hits a drum with a drumstick, a collision occurs between: the two objects.

During this collision, there are several forces that come into play. The first force is the impact force, which is the force applied by the drumstick onto the drum's surface. This force causes the drumhead to vibrate, producing sound waves that we hear. Additionally, there is a force of friction between the drumstick and the drumhead, which affects the stick's ability to bounce back after striking the drum.

Finally, there is also a force of compression, which occurs when the drumhead is pushed downwards due to the impact force. These forces are essential in producing the sound that we associate with drums and are essential to a musician's ability to play the instrument effectively.

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musical interval that will result when two strings of identical wave speed but different specified lengths are sounded together.

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The musical interval that will result when two strings of identical wave speed but different specified lengths are sounded together is known as an interval of harmonic consonance.

This interval is created by the different wave lengths of the two strings. When the two strings are played together, the longer string will vibrate at a slower rate than the shorter string, resulting in an interval of harmonic dissonance. This is because the wave length of the longer string is longer than the wave length of the shorter string, and therefore the two wave lengths do not match up perfectly.

This creates an interval of harmonic dissonance between the two strings, resulting in a unique sounding musical interval. This interval of harmonic dissonance can be used to create interesting and unique musical compositions.

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complete question is :

musical interval that will result when two strings of identical wave speed but different specified lengths are sounded together. explain.

The area of a circle is 225π square inches. Find the area of the sector whose central angle is 45o.  Round your answer the the nearest tenth if necessary. ​

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Rounding to the nearest tenth, the area of the sector is approximately 28.1 square inches.

To find the area of a sector, you need to know the central angle and the radius of the circle. In this case, we are given the central angle of 45 degrees, but we don't have the radius of the circle.

However, we are given the area of the entire circle, which is 225π square inches. The formula for the area of a circle is A = πr², where A represents the area and r represents the radius.

To find the radius, we can rearrange the formula to solve for r: r = √(A/π). Substituting the given area of the circle, we get r = √(225π/π) = √225 = 15 inches.

Now that we know the radius is 15 inches and the central angle is 45 degrees, we can calculate the area of the sector. The formula for the area of a sector is A = (θ/360) * πr², where θ represents the central angle and r represents the radius.

Plugging in the values, we get A = (45/360) * π * (15)² = (1/8) * π * 225 = 28.125π square inches.

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Define contemporary art as collaborative integrative and process oriented how do these mediums and techniques differ from tradition or moderm arts

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Contemporary art is characterized by its collaborative, integrative, and process-oriented nature. These mediums and techniques differ from traditional or modern art forms in their emphasis on collaboration, integration of various disciplines, and focus on the artistic process.

Contemporary art often involves collaboration, where artists work together to create a piece or involve the audience in the creative process. This collaborative approach breaks away from the individualistic nature of traditional or modern art, where artists typically worked independently. It encourages dialogue, shared experiences, and the merging of different perspectives.

Integrative practices in contemporary art involve the blending of multiple disciplines, such as combining visual arts with technology, performance, or installation. This multidisciplinary approach allows artists to explore new possibilities and challenge traditional boundaries of art forms. It often incorporates elements from different fields like science, technology, and social activism.

Process-oriented art in the contemporary realm focuses on the artistic process itself rather than solely on the final outcome. Artists may prioritize experimentation, improvisation, and exploration of materials and techniques. This approach emphasizes the value of experimentation, personal expression, and the journey of creating art rather than adhering to predetermined rules or aesthetics.

In contrast, traditional art forms were often rooted in established techniques, materials, and subject matters, following conventional styles and rules. Modern art, while breaking away from traditional norms, still had a strong emphasis on individual expression and formal innovation, often centered around the artist's personal vision.

Overall, contemporary art's collaborative, integrative, and process-oriented nature challenges traditional and modern art forms by embracing interdisciplinary collaboration, experimentation, and focusing on the artistic process as an integral part of the artwork itself.

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1. What is constructive criticism?
2. What is cool feedback?
3. What is warm feedback?
4. Two Positive Examples of Cool Feedback to give to an actor.
__ 5. Two Examples of warm feedback to give to an actor.
__ 6. Why criticism is essential to the developing actor?
__ 7. What is a good practice to keep in mind when receiving criticism during a critique?
__ 8. Critique an actor in a film by offering positive cool feedback and warm feedback.

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Answer:  1. constructive criticism is a type of feedback that offers advice to help employees, it helps  employees to improve

2. cool feedback is not a criticism  it actually  to think from a different perspective

3. warm feedback is a positive statement about anything

Explanation:

i hope this helps you :)

12-tone composers: (mark all that apply) stressed dissonance and fragmentation avoided a tonal center favored extensive programmatic works created angular and disjointed melodies

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The characteristics that were common among 12-tone composers stressed dissonance and fragmentation, avoided a tonal center, favored extensive programmatic works, and created angular and disjointed melodies. angular and disjointed melodies.

The 12-tone composition is a technique in music composition that uses a specific arrangement of the twelve chromatic pitches to create a new harmonic and melodic language that avoids traditional tonal hierarchies.

The approach was developed in the early 20th century by Arnold Schoenberg and his disciples Alban Berg and Anton Webern. The question requires identifying the characteristics that were common among 12-tone composers.

To start with, these composers emphasized dissonance and fragmentation in their works, often using unconventional harmonies that didn't resolve to traditional tonal centers.

This approach allowed them to break free from the limitations of the traditional tonal system and explore new musical possibilities.

Another hallmark of 12-tone composers was their preference for extensive programmatic works, which were often inspired by literature, art, or political events.

These works were intended to convey specific emotional or intellectual themes through music, and the 12-tone system offered a way to express complex emotions and ideas without relying on conventional musical language.

12-tone composers also tended to create angular and disjointed melodies, which were characterized by their asymmetry and irregularity.

This approach to melody was a departure from the lyrical and flowing melodies of the Romantic era, and it served to further distance 12-tone music from traditional tonal music.

In summary, 12-tone composers stressed dissonance and fragmentation, avoided a tonal center, favored extensive programmatic works, and created angular and disjointed melodies.

These characteristics were central to the development of the 12-tone system and helped to create a new musical language that continues to inspire composers today.

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You’re interested in calculating the standard deviation of the exam scores of a national standardised test to see if many people scored close to the mean or not. Use the following dataset. Test Taker Score 1 20 2 40 3 60 4 60 5 75 6 80 7 70 8 65 9 70 10 90

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The dataset provided consists of exam scores of 10 test takers. The standard deviation can be calculated to measure the spread or variability of the scores around the mean.

To calculate the standard deviation of the exam scores, follow these steps:

1. Find the mean (average) of the scores. Add up all the scores and divide the sum by the total number of scores (10 in this case). The mean is calculated as (20+40+60+60+75+80+70+65+70+90) / 10 = 65.

2. Calculate the difference between each score and the mean. Subtract the mean from each score and write down the differences: -45, -25, -5, -5, 10, 15, 5, 0, 5, 25.

3. Square each difference. Square each of the differences obtained in the previous step: 2025, 625, 25, 25, 100, 225, 25, 0, 25, 625.

4. Find the mean of the squared differences. Add up all the squared differences and divide the sum by the total number of scores. The mean of squared differences is calculated as (2025+625+25+25+100+225+25+0+25+625) / 10 = 325.

5. Take the square root of the mean of squared differences. The square root of 325 is approximately 18.03.

Therefore, the standard deviation of the exam scores is approximately 18.03. This indicates the amount of variation or dispersion in the scores around the mean value of 65.

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Extemporaneous speeches combine the preparation of a manuscript speech with the spontaneity of an impromptu speech. Select all the reasons for practicing an extemporaneous speech out loud. Multiple select question. It can provide the opportunity for audience feedback. It can help you memorize the exact words of a speech. It can help you master the content of your speech. It can help you time your speech accurately

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When practicing an extemporaneous speech out loud, there are multiple reasons why it can be beneficial. The following options highlight some of these reasons:

- It can provide the opportunity for audience feedback: Practicing your speech aloud allows you to gauge the audience's reaction and adjust your delivery accordingly. This feedback helps you refine your message and connect better with your listeners.

- It can help you master the content of your speech: Speaking your speech out loud helps you internalize and understand the material more effectively. It allows you to identify areas that may need further clarification or improvement, enabling you to refine your content and delivery.

- It can help you time your speech accurately: By practicing your speech out loud, you can gauge the timing and ensure that you stay within the allocated time limit. It helps you pace yourself and maintain a consistent flow, avoiding rushing or exceeding the time constraints.

Note: "It can help you memorize the exact words of a speech" is not a valid reason for practicing an extemporaneous speech out loud since extemporaneous speeches are not meant to be delivered word-for-word memorized. Instead, they rely on a prepared outline or key points, allowing for flexibility and spontaneity in the actual delivery.

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how does haydn signal the start of the variation on theme b in the third movement of his trumpet concerto in e flat major?

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In the third movement of Haydn's Trumpet Concerto in E flat major, he signals the start of the variation on theme b by introducing a new melody that is distinctly different from the previous one. This melody is played by the orchestra in unison, with a lively and energetic tempo that sets the stage for the variation to come.

Additionally, Haydn uses a number of other techniques to signal the start of this variation. For example, he changes the key of the piece from E flat major to C minor, which creates a sense of tension and anticipation. He also introduces new instrumentation, such as the use of the bassoon, which adds a rich and complex texture to the music.Another way that Haydn signals the start of the variation on theme b is through the use of dynamics.

He gradually increases the volume of the music, building up to a crescendo that signals the arrival of the new melody. This creates a sense of excitement and anticipation, drawing the listener in and preparing them for the variation to come.Overall, Haydn employs a variety of musical techniques to signal the start of the variation on theme b in the third movement of his Trumpet Concerto in E flat major.These techniques include changes in melody, key, instrumentation, and dynamics, all of which work together to create a sense of excitement and anticipation as the music unfolds.

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Haydn signals the start of the variation on theme B in the third movement of his Trumpet Concerto in E-flat major by using a change in orchestration, rhythmic alteration, and melodic development.

First, Haydn changes the orchestration, which is the way instruments are used in the music. The trumpet takes a more prominent role, playing the melody while the rest of the orchestra provides accompaniment. This shift in instrumental focus draws attention to the new theme.

Second, Haydn employs rhythmic alteration to introduce variation on theme B. Rhythmic alteration means changing the note values or adding rhythmic embellishments to the original theme. Haydn modifies the rhythm of theme B to create a sense of contrast and development from the previous theme. This rhythmic transformation also helps to emphasize the beginning of the new variation.

Lastly, Haydn incorporates melodic development in the variation on theme B. Melodic development is the process of expanding, transforming, or reworking an existing melody. In this case, Haydn takes theme B and introduces new melodic ideas, further enhancing the sense of change and progression in the music. This melodic development helps to distinguish the variation on theme B from the original theme and signals the start of this new section in the third movement of the Trumpet Concerto in E-flat major.

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