Li & Associates’ common stock currently trades at $45 a shar…

Li & Associates’ common stock currently trades at $45 a share.  It is expected to pay an annual dividend of $2.48 a share at the end of the year (D1 = $2.48), and the constant growth rate is 7.8 percent a year.  What is the company’s cost of common equity if all of its equity comes from retained earnings?

What does the following quote show?   “‘Conch!  Conch!’ shou…

What does the following quote show?   “‘Conch!  Conch!’ shouted Jack, ‘we don’t need the conch anymore.  We know who ought to say things.  What good did Simon do speaking, or Bill, or Walter?  It’s time some people knew they’ve got to keep quiet and leave deciding things to the rest of us –‘” (Golding 111).