The extreme reaches corp. last paid a $1.50 per share annual dividend. the company is planning on paying $3.00, $5.00, $7.50, and $10.00 a share over the next four years, respectively. after that the dividend will be a constant $2.50 per share per year forever. what is the market price of this stock if the market rate of return is 15 percent? round to the nearest cent. do not include the dollar sign in your answer. (i. e. if your answer were $1.23, then type 1.23 without a $ sign)

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply