8.

Partzman Co. paid a dividend of $4.52 on its common stock at the end of last year. The company's dividends are expected to grow at a constant rate of 4% indefinitely. If the required rate of return on this stock is 18%, compute the current value per share of Partzman Co. stock. Submit your answer in dollars and round to two decimal places (Ex. $0.00)

9.

Put the following in order of their claim on assets of a firm, starting with the FIRST to have a claim: I. Bonds II. Common Stock III. Preferred Stock

		I, II, III
		III, I, II
		II, III, I
		I, III, II