1. A firm just paid a dividend of $1.25 that is expected to grow at 8% for the coming 6 years and then at a long-term growth rate of 3% after that. If the required rate of return is 9%, what is the present value of the stock using the H-model?
2. When must a single person who is claimed as a dependent by someone else file a tax? return? Assuming a single person is not age 65 or older and not? blind, that person must file a return if any of the following apply.