A firm is expected to pay a dividend of $3.05 next year and…

A firm is expected to pay a dividend of $3.05 next year and $3.35 the following year. Financial analysts believe the stock will be at their price target of $120 in two years. Compute the value of this stock with a required return of 13.3 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

You are doing field work on a small, uninhabited island. You…

You are doing field work on a small, uninhabited island. You are supplementing your food supply with fish that live in some of the ponds on the island. You catch a brightly colored fish with red and black stripes. You filet it, pan fry it, and spit out the first bite because it tasted like it had been soaked in urine. Back at camp, your guide from a nearby island is pan frying fish with red and black stripes he caught in an adjacent pond. When you tell him not to eat those, he smiles and says these are the best tasting fish in the whole island chain. You look closer and see the pattern of the red and black stripes is just a little different from the fish you caught. What principle of ecology have you experienced firsthand?