Suppose the current dividend for a stock is $0.42 and is expected to grow 20% annually for the next three years and then 6% annually for the foreseeable future. What will the dividend be four years from today?
A) $0.42 B) $0.77 C) $0.73 D) cannot determine without a discount rate
Extensive customization of a product offered in different international markets would most likely defeat which of the following benefits of global trade?
A) lower labor costs B) lower production costs C) higher quality materials D) higher consumer consumption
The U.S. ________ program, designed to stimulate the economy and improve fuel efficiency, produced an unintended bullwhip effect in the automobile industry.