Question: step by step please, part 3 only Discuss the role of academia (e.g., finance professors) in the 2008 financial crisis. Were there any conflicts of

step by step please, part 3 only

Discuss the role of academia (e.g., finance professors) in the 2008 financial crisis. Were there any conflicts of interest in this instance (i.e., between academia and other parties)? Please explain. Important note: The essay must be written as (at least) one page of text. Part III - Numerical problem (25 marks) Suppose a company called "Fireinc" is expected to pay a dividend next year of $1.52 per share. Both sales and profits for Fireinc are expected to grow at a rate of 15% for the following two years and then at 2% per year thereafter indefinitely. Dividend growth is expected to match sales growth. If the required return is 14%, what is the value of a share of Fireinc? f7 Boca f8 / f 10 1% F12/A ort so % & 3 5 6 7 8 9

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