Sven Svenson's Culinary School, Inc. will pay a dividend of $3.50 per share next year. This company pledges to increase its dividend by 3.0% per year indefinitely. If you require a return of 10% on your investment, how much will you pay for this firm's stock today?

Group of answer choices

$53.00

$48.25

$51.50

$50.00

According to a normal yield curve the cost of long term debt generally ____ that of short term debt.

Group of answer choices

is equal to

is less than or equal to

is greater than

is less than