Winter time adventures is going to pay an annual dividend of $2.86 a share on its common stock next year. this year, the company paid a dividend of $2.75 a share. the company adheres to a constant rate of growth dividend policy. what will one share of this common stock be worth five years from now if the applicable discount rate is 11.7 percent?

Jason is looking for an engagement ring to offer his girlfriend. he has found a similar ring at each of four different jewelry stores. he doesn't have enough money to pay for the ring in cash, so he is planning on opening a line of credit (credit card) at the store he ends up buying the ring from. the chart below outlines the difference in the price of the rings the different stores offer as well as the difference in credit options. jason plans to pay off the ring purchase in 36 months. according to the information in the table, which of the jewelry stores will have the cheapest ring in the end?