Lenders that generate mortgage loans may receive some degree of legal protection against borrower lawsuits. The level of protection they receive will depend on the type of loan they make. What type of mortgage loan gives the lender the greatest level of protection against borrower lawsuits

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?