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Question 11 1 pts As the winner of a student innovation prize you will receive...

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Question 11 1 pts As the winner of a student innovation prize you will receive $5,000 today, with this amount declining at a constant rate of 3% p.a. over the foreseeable future. If the interest rate appropriate for valuing this prize is 10% p.a., its present value today is closest to: O $42,308. O $78,571. 0 $43,462 O $37,308. Question 12 1 pts Market analysts expect the earnings per share of CHG Ltd Inc to be $2.00 next year. The earnings per share are expected to grow at 7% p.a. forever and the firm typically retains 40% of its earnings. Analysts believe that this policy will continue in the foreseeable future. If investors require a return of 14%, the company's expected (or forward) price-to-earnings ratio will be closest to: O 8.60. O 5.70 O 2.90. O 17.10

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