Identify the characteristics of vending machines and door-to-door retailing. expanded assortment, reduced margins, and more information. added convenience and higher than conventional margins, usually reduced assortment. expanded assortment and/or reduced margins and service. expanded assortment and service. expanded assortment and service, and more information.

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?