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[The following information applies to the questions displayed below] On August 4, 2014, Cable Corporation purchased 1,000 shares of Satre Company for $25,000. The following

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[The following information applies to the questions displayed below] On August 4, 2014, Cable Corporation purchased 1,000 shares of Satre Company for $25,000. The following information applies to the fair value of Satre Company 12/31/2014 12/31/2015 12/31/2016 Per Share $34 27 21 Satre Company declares and pays cash dividends of $2 per share on June 1 of each year

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