Portage Bay Enterprises has $1 million in excess cash, no debt, and is expected to have free cash flow of $10 million next year. Its FCFF is then expected to grow at a rate of 3% per year forever. If Portage Bay's equity cost of capital is 11% and it has 5 million shares outstanding, what should be the price of Portage Bay stock

If a bond is issued at a premium the effective interest rate is most likely

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u. s. banks that cannot borrow elsewhere governments in developing countries during currency crises u. s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u. s. economy (the money supply), the federal reserve will government bonds.

The sign at the bank reads, "wait here for the first available teller," suggests the use of a waiting line system. a. multiple server, single phaseb. random server, single phasec. single server, multiphased. multiple server, multiphasee. dynamic server, single phase