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Bill's Bakery expects earnings per share of $2.56 next year. Current book value is $4.70per share. The appropriate discount rate for Bill's Bakery is 11 percent. Calculate the share price for Bill's Bakery if earnings grow at 3 percent forever.
P0= $4.70 + [$2.56-($4.70 x 0.11)]/ (.11-0.03) =$30.24
Consider the function f(x) = x2 for 0 ≤ x ≤ 10. Prove that limx→5 f(x) = 25. Note that proofs of limits involve the epsilon / delta (or ε / δ) method. Hint: What is the maximum value of x + 5 on the interval [0, 10]?
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Thor has dropped his hammer, Mjolnir, into a 1ft x 1ft x 3ft container full of distilled water. If Mjonir has a uniform density of 7.8 g/cm3 and the water level was 1.5 inches lower after Thor summoned Mjolnir back to him.
What is the constant of variation?
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