Case#1 Stock Valuation at Ragan Engines Ans. 1 EPS= $5.08 No. of shares= 300‚000 r=20% ROE=25% DPS=Total dividend/No. of shares=640000/300000=$2.13 Net income = EPS*No. of shares =5.08*300000 =1524000 g=Retention ratio*ROE =[1-(640000/1524000)*0.25 = (1-0.42)*0.25 =0.58*0.25=0.145=14.5% Po=D1/r-g =Do (1+g)/r-g =2.13(1+0.145)/0.20-0.145 =2.43885/0.055 = $44.34 Ans. 2 Industry growth rate g = Retention ratio*ROE
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AF3313-BUSINESS FINANCE Individual Assignment Au Kin Cheung‚ Gap (12059052d) STOCK PRICE OF RAGAN COMPANY From the question‚ the basic information is listed as follow: The PE ratio is calculated by: Stock Price / EPS The average PE ratio is equal to the industry’s benchmark PE : Sum of individual company PE ratio/ Total number of companies From the above industry’s benchmark PE ratio: Company Total number of shares Reported Earnings EPS Stock Price Regan Thermal System 100000 US$320‚000 US$3
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After investigating several possible companies‚ Larissa feels that the purchase of Ragan Engines‚ Inc.‚ is a possibility. She has asked Dan Ervin to analyze Ragan’s value. Ragan Engines‚ Inc.‚ was founded nine years ago by a brother and sister‚ Carrington and Genevieve Ragan and has remained a privately owned company. The company manufactures marine engines for a variety of applications. Ragan has experienced rapid growth because of a proprietary technology that increases the fuel
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(2006). Critical Issues in HR Drive 2006 Priorities: #1 Is Talent Management. Shale‚ Doug (1988). Toward a Reconceptualization of Distance Education. The American Journal of DistanceEducation:2(3)‚ DOI: 10.1080/08923648809526633 Smith‚ Patricia L. and Ragan‚ Tillman J. (2005). Instructional Design. Danvers‚ MA: Wiley. Smith‚ S. and Mosier‚ J. (1996). Guidelines for Designing User Interface Software. Bedford‚ MA; MITRE Tripp‚ S. and Bichelmeyer‚ B. (1990). Rapid prototyping: An alternative instructional
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Professor Christopher Ragan Leacock 321-C Economics 295B Introduction to Macroeconomic Policy Tuesdays and Thursdays‚ 4:00 pm – 5:30 pm‚ Leacock 132 ***** I. Housekeeping Details 1. Office Hours. My office hours are Tuesdays and Thursdays from 10:00 am - 11:00 am. If you are unable to see me then‚ please speak to me to arrange an appointment. 2. Required Textbook and MyEconLab. The textbook for this class is the macroeconomics half of Economics‚ by C. Ragan and R. Lipsey (13th Canadian
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patient safety through effective caregiver communication. According to the Joint Commission‚ as estimated 80% of serious medical errors are attributable to miscommunication between caregivers when transferring responsibly for patients (Wakefield‚ Ragan‚ Brandt & Tregnago‚ 2012). Shift report happens two‚ three‚ or more times in a day‚ but nurses receive little formal training in this vital responsibility. Nurses may be found legally liable for failing to report necessary information during handoffs
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Ragan Thermal Systems plc was founded nine years ago by brother and sister Carrington and Genevieve Ragan. The company manufactures and installs commercial heating‚ ventilation and cooling (HVAC) units. Ragan has experienced rapid growth because of a proprietary technology that increases the energy efficiency of its systems. The company is owned equally by Carrington and Genevieve. The original agreement between the siblings gave each 50‚000 shares. In the event that either wishes to sell the shares
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of parents refusing their children receiving immunizations is increasing drastically. Due to the success of vaccinations‚ “the perception that susceptibility to and morbidity and mortality from vaccine-preventable diseases are no longer a concern” (Ragan 1) has been promoted. Therefore‚ parents who have been exposed to stories of the oppositional outcomes vaccines have caused‚ they view immunizations as more of a threat. Although it is true that routine childhood vaccinations do prose possible risks
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Economics 1993 Presenter: 周立軒 Brief Saying… • This paper identifies Five common risk factors in the return on stocks and bonds – Two stock market factors‚ two bond market factors ‚ one market factor. – The five factors seems to explain all returns in stoc k market and bond market • Except the Low-Grade Bonds Agenda • • • • • Introduction The Steps of the Experiment Data & Variables Main Result Conclusion Introduction • The market βs of Sharpe-Litner‚ and Breedon’s c onsumption βs show little relation
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Bibliography: ❑ Lipsey‚ Courant‚ Ragan (1999). Microeconomics. 12th ed. United States of America: Addison-Wesley. 211-229. ❑ Lipsey‚ Courant‚ Ragan. (1999). Imperfect Competition. In: Lipsey‚ Courant‚ Ragan Microeconomics. 12th ed. United States of America: Addison-Wesley. 257-259. ❑ Lipsey‚ Courant‚ Ragan. (1999). Imperfect Competition. In: Lipsey‚ Courant‚ Ragan Microeconomics. 12th ed. United States of America: Addison-Wesley. 239‚259-271.
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