题目内容（请给出正确答案）

[单选题]

Next years dividend is expected to be $2, g = 7%, and k = 12%. What is the stocks intrinsic value？

A.$28.57.

B.$40.00.

C.$42.80.

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第3题

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第10题

? Read the article below about a company.

? Are sentences 16-22 on the opposite page 'Right' or 'Wrong'? If there is not enough information to answer 'Right' or 'Wrong', choose 'Doesn't Say'.

? For each sentence 16-22, mark one letter (A, B or C) on your Answer Sheet.

Kodak Is Changing the Picture

In September 2003, Mr Carp, CEO of Kodak, announced what he called the "biggest taming point" in Kodak's history. There would, he said, be no more big investments in traditional film. He also reduced the company's dividend by 72% to finance a $3 billion investment. By 2010, Mr Carp hopes for an income of $ 20 billion. In 2002, some 70% of the company's income came from its traditional film products, the remainder from digital. By 2006, the plan is for digital income to account for 60%.

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Companies that find their business model threatened by rapid technological change often fail to adapt successfully. Kodak is trying to take advantage of opportunities created by digital photography, such as designing easier-to-use equipment.

By announcing the "biggest turning point" in Kodak history, Mr Carp is to secure a digital future for Kodak.

A.Right

B.Wrong

C.Doesn't Say

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