What do we call an economy that is both partly command and partly market?
a. it is still a command economy if the government controls any part of it.
b. it is still called a market economy if it has any free markets.
c. it is most properly called a mixed economy.
d. there is no such thing, because all economies are completely one or the other.

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?