81. Texas Corp. is a calculator manufacturing firm which is expected to pay a dividend of...

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81. Texas Corp. is a calculator manufacturing firm which is expected to pay a dividend of $2 grow at the rate of 5% for two more years. If the stock is expected to sell for next that will year $30 at the end of the third year and the required rate of return is 11%, then calculate the present value of the stock. A. $25.00 B. $31.50 C. $27.05 82. If a market is semi-strong form efficient, the risk-adjusted returns of a passively managed portfolio relative to an actively managed portfolio are most likely: A. Lower. B. Higher. C. The same. 83. Global Depository Receipts GDRs are denominated in: A. The local currency of the buyer. B. USD. C. The local currency of the firm. 84. A small investor just bought 100 shares of UYA on margin. The share price of UYA at the time of purchase was $50, the initial margin requirement is 50%, and the maintenance margin is 30%. Given this information, the margin call trigger price is closest to: A. $31.25 B. $79 C. $35.71 81. Texas Corp. is a calculator manufacturing firm which is expected to pay a dividend of $2 grow at the rate of 5% for two more years. If the stock is expected to sell for next that will year $30 at the end of the third year and the required rate of return is 11%, then calculate the present value of the stock. A. $25.00 B. $31.50 C. $27.05 82. If a market is semi-strong form efficient, the risk-adjusted returns of a passively managed portfolio relative to an actively managed portfolio are most likely: A. Lower. B. Higher. C. The same. 83. Global Depository Receipts GDRs are denominated in: A. The local currency of the buyer. B. USD. C. The local currency of the firm. 84. A small investor just bought 100 shares of UYA on margin. The share price of UYA at the time of purchase was $50, the initial margin requirement is 50%, and the maintenance margin is 30%. Given this information, the margin call trigger price is closest to: A. $31.25 B. $79 C. $35.71

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