"has been growing fast and just announced today that it will begin paying annual dividends next year. Dividends for the first three years will be $0.25, $0.50, and $0.75 a share, respectively. After that, dividends are projected to increase by 6 percent per year. What is one share of this stock worth today at a required return of 12.5 percent

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone