What would be the market price of a stock that paid a constant $2.00 per year in dividends in perpetuity, if the expected market return for a risk of this type was 7.5%?

Assets classified as Property, Plant, and Equipment must be both long-term in nature and possess physical substance.

a. true b. false

Which of the following refers to an agreement that substitutes a new party for one of the original contracting parties and relieves the existing party of liability on the contract?

A) novation B) substituted contract C) mutual rescission D) accord