Weiss Corporation reported the following information at December 31, 2016: Preferred stock, $40 par, 10,000 shares authorized, issued, and outstanding; cumulative; nonparticipating; callable at par value $ 400,000 Common stock, $4 par, 500,000 shares authorized 400,000 Additional paid-in capital - Common 300,000 Retained earnings 150,000 Total stockholders' equity $1,200,000 The total paid in capital is:

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?