The last dividend paid by Klein Company was $1.00. Klein's growth rate is expected to be a constant 5 percent for 2 years, after which dividends are expected to grow at a rate of 10 percent forever. Klein's required rate of return on equity (rs) is 12 percent. What is the current price of Klein's common stock?

How does personal selling differ from other forms of promotion?

a. It wastes more sales resources than any other promotion. b. It is not as effective at satisfying customers. c. It can use a message customized to the immediate needs of the customers. d. It is best for selling simple, low-involvement products.

Which of the following is NOT an advantage to online communications vehicles?

A) They are more immediate than earlier print vehicles. B) They are more likely to be listened to, read, and acted on than print vehicles. C) They diminish the voice of employees without computers D) They reach employees where they are.