The first buyers of an innovation in industrial marketing situations are known as:

Although many sales managers may reach their positions in a firm because of their sales ability, continued success often depends on their administrative talents.

a. true b. false

Jackson Corp. common stock paid $2.50 in dividends last year (D0). Dividends are expected to

grow at a 12-percent annual rate forever. If Jackson's current market price is $40.00, what is the stock's expected rate of return (nearest .01 percent)? A) 5.50% B) 19.00% C) 11.00% D) 18.25%