Dorpac corporation has a dividend yield of 1.5%. its equity cost of capital is 8%, and its dividends are expected to grow at a constant rate. a. what is the expected growth rate of dorpac’s dividends? b. what is the expected growth rate of dorpac’s share price?

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share