a) Adelaide Juice, Inc. is not paying a dividend right now, but it is expected to pay a $5.46 dividend two years from now. Investors expect that dividend to grow by 2% every year forever. If the required return on the share investment is 12%, what should be the price of a Adelaide Juice share today?

Group of answer choices

1) None of these

2) $43.84

3) $36.49

4) $48.75

5) $53.69

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2)Which of these is not a feature of ordinary shares?

Group of answer choices

1) majority voting system

2) None of these

3) rights to dividends and other distributions

4) voting rights

5) priority over debt holders for liquidation rights