A share of common stock has just paid a dividend of $2. If the expected long-run growth rate for this stock is 15%, and if investors require a 19% rate of return, what is the price of the stock?

The double-entry system requires that each transaction must be recorded

a. in at least two different accounts. b. in two sets of books. c. in a journal and in a ledger. d. first as a revenue and then as an expense.

According to the moderate view of capital structure theory, the cost of common equity is constant

regardless of the debt financing level. Indicate whether the statement is true or false