International flavors and fragrances, a leading creator and manufacturer of flavors and fragrances, paid out dividends of $0.91 per share on earnings per share of $1.64 in 1992. the firm is expected to have a return on equity of 20% between 1993 and 1997, after which the firm is expected to have stable growth of 6% a year (the return on equity is expected to drop to 15% in the stable growth phase.) the dividend payout ratio is expected to remain at the current level from 1993 to 1997. the stock has a beta of 1.10, which is not expected to change. the treasury bond rate is 7%.a. estimate the p/e ratio for international flavors, based upon fundamentals. b. estimate how much of this p/e ratio can be ascribed to the extraordinary growth in earnings that the firm expects to have between 1993 and 1997.

answer; ///liability;

answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.