1. A company announced its first dividend of $3 per share and the company is expected to grow 30% each year for four years. However, some speculate it will only grow at 5% after the four years forever. The expected return for the stocks is 12%. Use the dividend discount model to price stocks at t=0. a. 69.59 b.103.21 c. 99.34 d. 92.81 e.87.65
?2. Comparison shopping for a new vehicle includes A. deciding between needs and wants. B. ?fitting the purchase into your budget. C. ?obtaining a loan preapproval. ?E. determining the value of your trade-in.