Question 21 A stock expects to pay dividends of $3.77 per share one year from today; $4.56 per share two years from today; and $5.95 per share three years from today. After that, dividends are expected to be constant at $6.22 per share per year indefinitely. Investors require a rate of return of 10 percent on this stock. How much should this stock sell for today? O $58.40 O $56.71 $50.20 $54.15 $51.99 Question 22 Mary Acquaah owns 4,000 shares of stock in Delta Chili and wants to win a seat on the board of directors. The firm has a total of 15,000 shares of stock outstanding. Each share receives one vote. Presently, the company is voting to elect three new directors. Which one of the following statements must be true given this information? If straight voting applies, Mary is assured of one seat on the board. If cumulative voting applies, Mary can control the entire board.c If cumulative voting applies, Mary is assured of one seat on the board. Regardless of what voting method applies, Mary cannot gain a seat on the board