On november 1, 2018, arch services issued $313,000 of eight-year bonds with a stated rate of 12% at par. interest payments occur each april 30 and october 31. on december 31, 2018, arch made an adjusting entry to accrue interest at year-end. what is the amount of interest expense that will be recorded on december 31, 2018? (do not round any intermediate calculations, and round your final answer to the nearest dollar.)

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?