Alpha Industries is going to pay $.35, $.50, and $.80 a share over the next three years, respectively. After that, the company has stated that the annual dividend will be $1.25 per share indefinitely. What is this stock worth today at a discount rate of 13.45 percent?

The stock is worth $7.61 today.

Explanation:

The stock's todays worth or value can be calculated using the DDM approach whereby all the expected future dividends are discount back to present value. The terminal value will be calcualted where the stock's dividend growth becomes zero and will be discounted back too.

The Price or worth of the stock today is,

P0 or V = $7.609 rounded off to $7.61

it should be

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.