Bell Weather Industries just paid a $3.00 per share dividend. The company is planning on increasing its annual dividend by 10% a year for two years and then the annual growth rate will be 5% per year thereafter. What is the current value of one share of stock if the required rate of return is 8%. Show all work.

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.