Current dividend per share (D0) | $2.80 |
Dividend growth rate | 6.5% |
Nominal risk-free rate | 3.5% |
Required risk premium | 6.5% |
Expected rate of inflation | 1.5% |
Text 4
Everyday some 16m barrels of oil leave the Gulf through the Strait of Hormuz. That is enough to fill a soft drink can for everyone on earth, or to power every motor vehicle on the planet for 25 miles (40km). Gulf oil accounts for 40% of global trade in the sticky stuff. More important, it makes up two-thirds of known deposits. Whereas at present production rates the rest of the world’s oil reserves will last for a mere 25 years, the Gulf’s will last for 100 years. In other words, the region’s strategic importance is set to grow and grow.
Or at least so goes the conventional wisdom, which is usually rounded out with scary talk of unstable, spendthrift regimes and a looming fundamentalist menace. Yet all those numbers come with caveats. A great deal of oil is consumed by the countries that produce it rather than traded, so in reality the Gulf accounts for less than a quarter of the world’s daily consumption. As for reserves, the
A. "Some of the world's bothersome hotspots are near the Gulf.
B. "Oil is big, but it is not the only reason to take the Gulf seriously."
C. "While the oil price keeps rising, the Gulf is attractive to traders. "
D. "Tighten thrift regimes on oil consumption, the single remedy."
Passage 5 Some politicians are scurrying about with much zest and anticipation. It’s time, their polls inform them, to find the quick fix for what they have determined is a society plagued by the irregular heartbeat of deficient values. But there are contradictions that intrude on this denunciatory atmosphere. If there are moral omissions in the society, they cannot be sealed by instant, slenderly based attacks on entertainment. The plain fact is we are rearranging our priorities in the wrong way. We are today misplacing our energies and our funding by directing all sorts of incentives to high schools and colleges. Too late. The moral scaffolding has been built by then, for better or worse. How then to begin this revision of life conduct We must introduce in pre-school, and keep alive through grade five, a new school course. The course could A. deficient values B. denunciatory atmosphere C. improper entertainment D. wrong priorities [单项选择]Virginia: What about going to do some shopping this afternoon
Rena: ____________.
A. Go ahead, please. B. Good idea! C. Me, too. D. Help yourself. 我来回答: 提交
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