1. CSE stock recently paid a 20.00 dividend. The dividend is expected to grow at 15% per year indefinitely. What would we be willing to pay if our required return on CSE stock is 20%?

A. 433

B. 460

C. 110

D. 480

E. 470

2. According to, Moody's corporate bond rating for a bond is Caa1 but S&P and Fitch rated that corporate bond as CCC+, CCC respectively. How do you defined that corporate bond?

A. Extremely Speculative

B. Speculative

C. In poor Standing

D. Substantial Risk

E. Default