JL Tools is a young start-up company. The company expects to pay its first dividend of $.20 a share in Year 6 with annual dividend increases of 1.5 percent thereafter. At a required return of 12 percent, what is the current share price?

In December 2012, Australia implemented some of the world's most stringent antismoking regulations which included a ban on brand logos and prominent placement of graphic photographic images of smoking-related illnesses and disfigurement on cigarette

packs. Indicate whether the statement is true or false

A national securities market is segmented if the required rate of return on securities in that market differs from comparable securities traded in other, unsegmented markets

Indicate whether the statement is true or false.