A stock’s last dividend was $2.12 per share and the dividends are expected to grow forever at a constant rate of 4.7% per year. The risk-free interest rate is 3.6% per year and the market risk premium is 7.1% per year. If the stock’s current price is $12.56 per share, what is the stock’s intrinsic value per share expected to be in five years?

Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.