France imposes a 10 percent tax on the aggregate net appreciation in the value of stocks held by french residents at the end of a calendar year. in addition, all french residents are subject to an income tax within the meaning of reg sec 1.901-2(a). nancy, a us citizen, lives in nancy, france. she buys ibm stock on july 1, 2017 for €1,000. on 12/31/2017, the stock is worth €1,100, and she pays the stock appreciation tax of €10. on 12/31/2018 the stock is worth €1,300, and she pays a stock appreciation tax of €20 (10% x 1,300 - 1,100) for 2018. she sells the stock on 1/2/2019 for €1,350 and has a gain of €350 for purposes of the french income tax. is the stock appreciation tax a creditable tax for us tax purposes? explain.

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should