Tangshan china's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 percent indefinitely. in addition, tangshan china's most recent dividend was $5.50. the expected risk free rate of return is 3 percent, the expected market return is 8 percent, and tangshan has a beta of 1.20.

Tangshans required rate of return according to CAPM= 3+1.2*(8-3)

R=9%

Intrinsic Value= 5.5*1.05/0.09-0.05= $144.375

Stock is Overvalued as its intrinsic value is $144.375 but it is selling in the market for $160

Explanation:

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability