Amazonamazon agreed to pay its workers $3131 an hour in 1999 and $3232 an hour in 2001. the cpi in 1999 was 166 and in 2001 was 180. calculate the real wage rate in each year (to the nearest cent). did these workers really get a pay raise between 1999 and 2001? the real wage rate in 1999 was $nothing. the real wage rate in 2001 was $nothing.

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?