Answer:
14.90%
Explanation:
We know,
Current stock price, 
= 
Given,
Current stock price, = $12.00
growth rate, g = 9.50% = 0.095
Expected annual dividend, 
= $0.65
We have to determine the expected rate of return (
).
Putting the values into the above formula, we can get,
Current stock price, =
or, $12.00 = $0.65 ÷ ( - 0.095)
or, $12.00 × ( - 0.095) = $0.65
or, - 0.095 = $0.65 ÷ $12.00
or, - 0.095 = 0.0542
or, = 0.054 + 0.095
Therefore, = 0.149
The expected rate of return = 0.149 or 14.90%
In order to obtain a
learners permit, teen drivers are required to pass a written test. Typically
they will prepare for this exam by completing a drivers education course.
Though not a requirement in all states, drivers ed is the easiest way to be
thoroughly prepared for the complicated driving laws and scenarios you’ll face
on the permit exam. Once you pass your permit test and earn a permit, there may
still be certain restrictions attached to this provisional license — such as
requiring a licensed driver over a certain age to be seated in the passenger
seat, limiting your driving to daylight hours, and other state-mandated rules.<span>
General United States Permit Requirements
While each state has its own set of guidelines, in
general, teens between 14 and 18 years of age can start the drivers
education and learners permit process. Once a teen driver has obtained a
learners permit, there are additional state-specific requirements they must
meet before they can apply for their drivers license.
<span>Before obtaining a learners permit in any state, a
teenager is required to pass a driving knowledge test. Drivers education is the
best way for a teen to prepare for this exam, whether the state requires it or
not. In some cases, passing a drivers ed final exam can substitute for the
written exam. No matter how the test is taken, students must pass with at least
a 70% or higher, depending on that state’s minimum. Once he or she passes, a
teen driver will be issued a learners permit. Some states require teen drivers
to have a permit for a minimum of 6 months before they can take their drivers
license exam.</span></span>
If I am planning a local art festival, and the money available for the promotion of the event is low, what I will do is that I will create awareness about the program on the internet using social media. Social media will allow me to advertise the event at no cost at all and will allow the advertisement to reach a good number of people who live at the region where the event will take place.
