The acquisition of Smith Brothers makes stockholders of Gertie Restaurants happy and as a result, the expectations for estimated future dividends of the combined company are revised. Before the acquisition, they just paid a dividend of $3.00. Dividends next year will be cut to zero to absorb the new operations, then D2 will be $3.00, D3 will be 10% higher than D2, and then the dividend growth rate will fall off to a constant 3 percent thereafter. The required return is 13.17% percent. What is the current share price based upon these new dividend estimates?

Group of answer choices

$33.42

$24.99

$36.72

$27.81

$27.68

$27.84

$29.93

On Christine's 25thbirthday, she started to plan for her retirement and deposited $10,000 into a Jaguar Mutual Fund account that she expected to earn 7% every year for the next 40 years (annual compounding). When Christine was 45 (exactly 20 years ago) she realized that the Jaguar account would not be enough to have $1,000,000 in retirement funds so she invested another lump sum into a Badger Mutual Fund account that appreciated exactly 10.50% every year (annual compounding).On Christine's 65thbirthday, she has a total of $1,000,000 from her two retirement accounts but she decides to buy a company instead of retiring.She never deposited more than the two original lump sums and she has never withdrawn any money from these accounts.How much did she originally deposit into the Badger Mutual Fund account?

Group of answer choices

$149,744.58

$135,754.56

$113,356.62

$18,429.30

$115,426.05

$111,326.10

$1,000,000.00