Navel county choppers, inc.,is experiencing rapid growth. The company expect dividends to grow at 18 percent per year for the next 14 years before leveling off at 6 percent in to perpetuity. The required return on the company's stock is 13 percent. If the dividend per share just paid was $1.97, what is the stock price?ompany expects dividends to grow

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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