I. task. The company paid for the last time the annual dividend of $ 4 per share. The required rate of return on stocks with similar risk is 11%. It is expected that dividends will grow at a constant growth rate of 6% annually. Determine the ratio of the market price of shares and income stocks.


II. Test items

1.Prognoz gains and losses is a document containing the following targets:

a) The structure of non-current and current assets and sources of support;

b) forecast the traffic flow of funds;

c) sales revenue;

d) cost of sales;

d) Profit (loss) on sales.


2. For the dividend irrelevance theory of the following type of behavior is typical of investors:

a) shareholders prefer secant dividend payments;

b) shareholders prefer capital gains;

c) the shareholders do not care in what form will be the distribution of the net profit.


3. The market risk premium is:

a) market yield;

b) the difference between the market yield and the risk-free yield securities;

c) systematic risk.


4. The main financial budget include:

1) operating budgets;

2) the budget of profit and loss;

3) cash flow budget;

4) budget sales.


5. With the help of effective management of inventory and cash, the company may:

1) to increase the wholesale price of the products;

2) to maximize the rate of return;

3) to optimize the capital structure of the enterprise.

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