For the year ended December 31, 2018, Bennett Beauty Co. earned net income of 1,000,000 and had comprehensive income of 1,100,000. During 2018, Bennett had 50,000 shares of common stock outstanding and convertible bonds as of December 31, 2018 that could be converted into 25,000 shares of common stock. Bennett did not have dividends of any kind during 2018. What was Bennett’s Basic EPS?

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?