Kay's sewing loft is going to reduce its annual dividend by 10 percent a year for the next two years. after that, it will maintain a constant dividend of $2 a share. last year, the company paid an annual dividend of $3 per share. what is the market value of this stock if the required return is 13.7 percent? group of answer choices

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.