1. Global integration has given many firms access to new and cheaper sources of funds beyond those available in their home markets. What are the dimensions of a strategy to capture this lower cost and greater availability of capital? Please try to meet 450 words.
2. Lincoln’s dividend is expected to grow at 8% for the next 4 years, 6% for one year and then at 3% forever. If the current dividend is $4 and the required return is 10%, what is the price of the stock?