Other things being constant, when a firm sells new shares of stock, the a. demand for the stock increases and the price increases. b. demand for the stock decreases and the price decreases. c. supply of the stock increases and the price decreases. d. supply of the stock decreases and the price increases.

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.