For Proposal 1, the initial outlay equals ________. (See Table 11.2)
A) 1,380,000
B) 1,440,000
C) 1,500,000
D) 1,620,000
Question 2
One of the circumstances in which the Gordon growth valuation model for estimating the value of a share of stock should be used is ________.
A) declining dividends
B) an erratic dividend stream
C) the lack of data on dividend payments
D) a steady growth rate in dividends
