Which statement best explains the relationship between points A and B? A. Consumption reaches its highest point, and then supply begins to fall.

B. Inflation reaches its highest point, and then the economy begins to expand.

C. Production reaches its highest point, and then the economy begins to contract.

D. Unemployment reaches its highest point, and then inflation begins to decrease.

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?