Toy Mart recently announced that it will pay annual dividends at the end of the next two years of $1.60 and $1.10 per share, respectively. Then, in Year 5 it plans to pay a final dividend of $13.50 a share before closing its doors permanently. At a required return of 13.5 percent, what should this stock sell for today?

When does a minor breach occur?

A) when a party rescinds the contract before actual work on the contract has commenced B) when a party renders substantial performance of his or her contractual duties C) when the party who is being offered goods or services rescinds the contract D) when the party who is offering goods or services rescinds the contract

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