Saban Enterprises’ beta is 1.50 and its dividend growth rate…

Saban Enterprises’ beta is 1.50 and its dividend growth rate is 11.35%, and just yesterday, it paid a dividend of $1.45.  The stock price today is $55.00.  Today’s stock price equals today’s intrinsic value and it is assumed that the stock price moves in accordance with the dividend discount constant growth model.  The risk free rate is 3.25% and the expected risk premium for the market portfolio is 10.65%.  You believe that the stock represents a good investment if the expected total return implied by the dividend constant growth model exceeds the required rate of return implied by the Capital Asset Pricing Model.  What is the required rate of return and expected rate of return for the stock?  Should you buy it; why or why not?  Should show all work .

Michael last visited his physician, which is a single-physic…

Michael last visited his physician, which is a single-physician office practice, in September 2006. He is at the office today for a sore throat and chest congestion. Since he was already a patient, the medical insurance coder submitted an established patient E/M code to Michael’s insurance carrier for payment. The insurance carrier requested additional documentation regarding the visit. Which of the following may have been the reason?