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Unformatted text preview: not make sense? What does financial theory tell us about corporate diversification? 11. Contrast Broadheads vision with McDonalds vision. 12. How did S&P change their guidelines in October 1993. 13. What is FPLs record of dividend increases? Why is this important or not important? 14. Why do stock prices typically decline following the announcement of a cut in dividends? 15. What is the competitive landscape for FPL? 16. Analyze FPLs projected capital expenditures relative to historical dividend payments. 17. See Exhibit 8. How are utility stock prices affected by interest rates and why? 18. See Exhibit 10. What is the composition of FPLs stock ownership, i.e., how much is held by individual investors, institutional investors and managers? How might this affect the dividend decision?...
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