Exhibit 12.1 Use the Information Below for the Following Problem(S)

question 98

Multiple Choice

Exhibit 12.1
Use the Information Below for the Following Problem(S)
Assume that the dividend payout ratio will be 65 percent when the rate on long-term government bonds falls to 8 percent. Since investors are becoming more risk averse, the equity risk premium will rise to 7 percent and investors will require a 15 percent return. The return on equity will be 12 percent.
-Refer to Exhibit 12.1.To what price will the market rise if the earnings expectation is $22.00 per share?

• A) $183.26
• B) $132.41
• C) $198.66
• D) $71.28
• E) $14.30

Grasp Immanuel Wallerstein's World-Systems Theory and its classification of global geo-economic zones.

Identify the characteristics of Fordism and Post-Fordism.

Understand David Harvey's critiques of Marxism.

Recognize the debates around analytical Marxism and its relation to Marx's original theories.

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