Assume today is december 31, 2013. imagine works inc. just paid a dividend of $1.15 per share at the end of 2013. the dividend is expected to grow at 18% per year for 3 years, after which time it is expected to grow at a constant rate of 6% annually. the company's cost of equity (rs) is 9.5%. using the dividend growth model (allowing for nonconstant growth), what should be the price of the company's stock today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations. $ per share

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: