NORDAM Group, a firm that specializes in the design and manufacturing of aircraft components, has 150 million shares outstanding and analysts expect NORDAM to have earnings of $450 million this coming year (t=1). NORDAM plans to pay out 55% of its earnings in dividends and they expect to use another 15% of their earnings to repurchase shares. NORDAM’s equity cost of capital is 11%. Its earnings are expected to grow at a rate of 3% per year and these payout rates are expected to remain constant. What is the value of one share of NORDAM stock today?

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.