National city corporation, a bank holding company, reported earnings per share of $2.40 in 1993, and paid dividends per share of $1.06. the earnings had grown 7.5% a year over the prior five years, and were expected to grow 6% a year in the long term (starting in 1994). the stock had a beta of 1.05 and traded for ten times earnings. the treasury bond rate was 7%. (a) estimate the p/e ratio for national city corporation. (b) what long term growth rate is implied in the firm's current p/e ratio?

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60