The Oxford Heating Company has been very successful in the past four years. Over these years, it paid common stock dividend of $4.2 in the first year, $4.20 in the second year, $4.41 in the third year, and its most recent dividend was $4.9. The company wishes to continue this dividend growth indefinitely. What is the value of the company's stock if the required rate of return is 10 percent?

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?