A company that sells its product for a higher price than its competitor can offer a higher economic value to customers

A ship has suffered damage and sunk. Which of the following would respond to cover the loss of the ship?

a. Protection and indemnity coverage b. Shipper's fees c. Hull Insurance d. Cargo coverage

Perrine Industrial Inc. just paid a dividend of $5 per share. Future dividends are expected to grow

at a constant rate of 7% per year. What is the value of the stock if the required return is 16%? A) $33.44 B) $65.87 C) $59.44 D) $55.56