HP founders David Packard and William Hewlett created a close-knit organizational culture that gave a lot of responsibility to employees and fostered innovation within the company, which were clearly stated values of the firm's founders. This is an example of ________.

Believers favor stylish products that emulate the purchases of those with greater material wealth

Indicate whether the statement is true or false

A stock currently sells for $25 per share and pays $0.24 per year in dividends. What is an investor's valuation of this stock if she expects it to be selling for $30 in one year and requires a 15 percent return on equity investments?

A) $30.24 B) $26.30 C) $26.09 D) $27.74