Stock Price One method of pricing a stock is to discount the stream of future dividends of the stock. Suppose that a stock pays per year in dividends and, historically, the dividend has been increased i% per year. If you desire an annual rate of return of r%, this method of pricing a stock states that the price that you should pay is the present value of an infinite stream of payments: The price of the stock is the sum of an infinite geometric series. Suppose that a stock pays an annual dividend of $4.00 and, historically, the dividend has been increased 3% per year. You desire an annual rate of return of 9%. What is the most you should pay for the stock?

Week1BIOB170Notes ClassifyingLifeandPhylogenetic Kingdoms • Plants • Animals • In1960sPlantae,Fungi,Animalia,Protista,Monera Domains • Moreinclusivethankingdoms • Bacteria-Monera • Archaea-Monera • Eukarya-Protista,Plantae,FungiandAnimalia o Allhaveacommonancestor o Archaeaandeukaryaaremorecloselyrelated HierarchicalClassifications 1. Kingdom 2. Phylum 3. Class 4. Order 5. Family 6. Genus 7. SpecificEpithet Phylogenetics • Studyofevolutionaryrelationships • Showssupergroups • Branchpoint-wheretwonewspeciesareformed • Ancestralgroup-theancestoroftwonewspecies • Monophyletic-