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NEW QUESTION: 1
Lorenz Kummert is a junior equity analyst who is following Schubert, Inc. (Schubert), a small publicly traded company in the United States. His supervisor, Markus Alter, CFA, has advised him to use the residual income model to analyze Schubert.
In his preliminary report to Alter, Kummert makes the following statements:
Statement 1: Residual income models are appropriate when expected free cash flows are negative for the foreseeable future.
Statement 2: Residual income models are not applicable when cash flows are volatile.
Kummert has determined Schubert's cost of equity, cost of debt, and weighted average cost of capital (WACC) to be 12.8%, 8.4%, and 11.9%, respectively. The current price of the stock is $35 per share and there are 130,000 shares outstanding. The relevant tax rate is 30%, and return on equity (ROE) is expected to be 13%.
Summarized financial information about Schubert for 2008 is provided in Exhibits I and II.

Based on his analysis of several years of financial statements, Kummert notes that 2008 was an exceptionally profitable year for Schubert, and that its dividend payouts are usually low because the funds are mainly reinvested in the firm to promote growth. Furthermore, there are very few nonrecurring items on the income statement. Upon review of Kummert's preliminary report, Alter concurs with his analysis of the financial statements but reminds him that Schubert's long-term debt is currently trading at 95% of its book value. He also cautions Kummert that violations of the clean surplus relation can bias the results of the residual income model.
The consensus annual EPS estimate for 2009 is $6.15, and the dividend payout ratio for 2009 is estimated at 5%.
Which of the following amounts is closest to Schubert's implied growth rate in residual income?
A. 0.34%.
B. 12.63%.
C. 10.53%.
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
開発者には、Visualforceウィザードと連携して複数のsObjectの作成と編集をサポートする単一のカスタムコントローラクラスがあります。ウィザードは、複数のVisualforceページにわたるユーザー入力と初期URLのパラメーターからデータを受け入れますカスタムコントローラーのユニットテスト内で不要なステートメントはどれですか？
A. Public ExtendedController (ApexPages.StandardController cntrl) { }
B. String nextPage = controller.save().getUrl();
C. Test.setCurrentPage(pageRef),
D. ApexPages.currentPage().getParameters().put('input', 'TestValue')
Answer: A,B

NEW QUESTION: 3
Observe the script below:
echo " Enter your name : "
read name
echo " Hello $name , Good Morning. "
What does read do in this script? (Choose all that apply.)
A. It will store the input in the name variable.
B. It will accept only file name as the input.
C. It will make the program pause till the input is given through the standard input.
D. It will make the script stop execution if numbers are given as input.
Answer: A,C