Walter utilities is a dividend-paying company and is expected to pay an annual dividend of $2.85 at the end of the year. its dividend is expected to grow at a constant rate of 6.00% per year. if walter’s stock currently trades for $25.00 per share, what is the expected rate of return?
a. 6.80%
b. 6.11%
c. 13.80%
d. 17.40%

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments. a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b