Calculate the net income earned during the year. Assume that the change to stockholder's equity results only from net income ear
1 answer:
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Answer:
$42.604
Explanation:
Using dividend growth model we have D1 = $1.25, dividend at end of year 1
P1 = $45 price at the end of year 1
Ke = 10% Cost of capital or expected return
g = ? the growth rate expected
Thus
D2 = D1 + g
$45 =
$4.5 - 45g = 1.25 + g
$3.25 = 46g
7.06% = g
Now, using value of g we have
P0 =
Current price P0 = $42.604
[ Answer ]
[ Explanation ]
Brisket - Cut from breast or lower chest. Brisket comes from a cow or veal
Brisket is ideal for smoking because of its high fat content. When smoking meat, if the meat does not have lots of fat and is thing, the smoking process can dry out the meat. With brisket, the meat is very fat, causing the meat not to dry out and getting a tender juicy flavor.
When lighting a campfire or barbecue, you may notice lots of smoke. The smoke may affect your breathing, make you thirsty, or dry you out. This is the same affect of the meats. The smoke provides lots more flavor for the meat, and dries it out, if there is not enough fat on the meat.