18.The stock price is $24.50 per common share. The P/E is 25 and there are 1,500,000 common shares outstanding. Calculate the companys net income if there are no preferred shares outstanding.

Select one:

a. $1,495,000

b. $1,470,000

c. $1,505,000

d. $1,500,000

e. $1,503,000

21.

Which one of the following statements concerning common or preferred shares is correct?

Select one:

a. The constant dividend growth model assumes that future stock price grows at the same rate as its future dividends

b. The constant dividend growth rate model is not sensitive to dividend growth rate

c. The value of a common share is based on the present value of its selling price at a future date

d. Dividends are a business expense and are tax deductible

e. One approach to estimating the value of common share is to use the present value of a growing annuity formula

answer asap ,I will rate like