Phoenix industries has pulled off a miraculous recovery. four years ago it was near bankruptcy. today, it announced a $2 per share dividend to be paid a year from now, the first dividend since the crisis. analysts expect dividends to increase by $1 a year for another 2 years. after the third year (in which dividends are $4 per share) dividend growth is expected to settle down to a more moderate long-term growth rate of 5%. if the firm’s investors expect to earn a return of 17% on this stock, what must be its price? (do not round intermediate calculations. round your answer to 2 decimal places.)

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?