OutofFashion Inc. is facing financial difficulties. The most recent dividend declared was $$3\mathrm{.}62$ and this dividend is expected to shrink at a constant rate of $2\mathrm{.}5$ percent annually forever. What is this stock worth today at a required return of $12\mathrm{.}5$ percent?

$$23\mathrm{.}56$

$$37\mathrm{.}11$

$$34\mathrm{.}15$

$$ $$23\mathrm{.}53$

$$20\mathrm{.}24$

Twincity Corporation stock is selling in the market for $$60.$ There are three vacancies to be filled on the board of directors. Mr$.$ Majority wishes to be elected on one of these positions on BOD. There are $200,000$ share currently outstanding for Twincity Corp. how much total investment Mr$.$ Majority needs to make to guarantee being elected on board of directors under following two conditions:

a$.$ if the company uses straight voting?

b$.$ If the company uses cumulative voting?

$$12,000,000$; $$2,400,060$

$$6,000,060$; $$3,000,060$

$$4,000,060$; $$3,000,060$

$$6,000,060$; $$2,400,060$

$$4,000,060$; $$2,400,060$

$3$ ABC Corp has preferred shares that are currently selling in the market for $$66\mathrm{.}10$ per share.

The par value of these shares is $$100.$ Calculate the dividend on these preferred stock expected two years from now $($D$2).$ The required rate of return is given as $8\mathrm{.}25\%.$

$$5\mathrm{.}45$

$$ $$5\mathrm{.}25$

$$ $$5\mathrm{.}57$

$$5\mathrm{.}09$

$$ $$5\mathrm{.}42$