GenEx Corp., a maker of youthful sporting goods, is expected to pay its first dividend three years from now. The company says it will then pay a dividend every three months in perpetuity. The first five dividends are each expected to be $0.20. Dividends thereafter will increase: each is expected to be 2% larger than the previous. If your required rate of return on this risky stock is 15% per year, expressed as an effective annual rate, what is the present value of the expected dividend stream

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses