A partnership agreement:32)A)Is the same as a limited liability partnership. B)Is also called the articles of incorporation. C)Is not binding unless it is in writing. D)Does not generally address the issue of the rights and duties of the partners. E)Is binding even if it is not in writing.

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?