Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 10.25% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now

Which feature is a characteristic of a corporation?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share