Consider a stock that pays a dividend of $20. Dividends areexpected to grow at 7% per year and the stock is currently priced at $713.i) What must the expected return on the stock be for investors to purchase it at thisprice?

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration