A stock just paid a dividend of $0.60. Next year the dividend is expected to be $0.70. The following year it is expected to be $0.80. For every year thereafter the dividend will grow by a constant 6% annually. The required return on this stock is 10%. Calculate the price of the stock today.

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration