Currently market price of Antonio Company is $40 per share. The expected dividend at the end of the coming year is $4 per share and the dividend is expected to grow at a constant rate of 6 percent per year. The Company is planning to sell new common stock which incurs flotation cost of 10 percent. What is the firms cost of new common stock?

		A.16.00%
B.		17.91%
C.		17.31%
D.		17.11%
E.		17.81%

If one British pound can purchase $1.85 U.S. dollars, how many British pounds can one U.S. dollar buy?

		A. 0.5374
B.		0.5510
C.		0.5514
D.		0.5662
E.		0.5405

Stefano Corporation's stock has a required rate of return of 12.50%, and it sells for $18.00 per share. Stefano's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend?

		A. $0.78
B.		$0.82
C.		$0.89
D.		$0.86
E.		$0.93