Boehm incorporated is expected to pay a $2.20 per share dividend at the end of this year (i. e., d1 = $2.20). the dividend is expected to grow at a constant rate of 3% a year. the required rate of return on the stock, rs, is 13%. what is the estimated value per share of boehm's stock? do not round intermediate calculations. round your answer to the nearest cent.

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right