A common stock’s current dividend per share is $1.60. Earnings and dividends are expected to grow at a rate of 10 percent for the foreseeable future. What is the value of this stock to an investor who requires a return of 12 percent?

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?