A company encodes a message that it sends over a medium, such as the radio, to the audience or consumer, but noise can disrupt the process

In the process of planning a new subdivision, which of the following steps would a subdivider do first:

A. Complete plat maps of the subdivision. B. Create a land development plan. C. Obtain governmental approval and record the plat-map. D. Check out the comprehensive plan created by the local government.

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%?

A) $25 B) $100 C) $26.67 D) $27.50