If an American-style option possesses time value on any day up to expiration date, the option holder would get more by selling it than exercising it

The productive potential of a company's employees' knowledge, experience, and actions is known as its ______ capital.

Fill in the blank(s) with the appropriate word(s).

Tangshan China Company's stock is currently selling for $80.00 per share. The expected dividend one year from now is $4.00 and the required return is 13 percent

What is Tangshan's dividend growth rate assuming that dividends are expected to grow at a constant rate forever? A) 8% B) 9% C) 10% D) 11%