Cascade Industries Inc intends to pay a common stock dividend of 3.18 one year from today and the firm anticipates that the dividend will continue to grow at a rate of 2 per year indefinitely.
If the firm has a 13 required rate of return, what is the current price per share of stock?
A) 21.20
B) 28.91
C) 21.62
D) 29.49
Question 2
If your investment goal is merely to match the overall market, you should invest in an index fund.
Indicate whether the statement is true or false
