Leblanc inc. currently has earnings of $10 per share, and investors expect that the earnings per share will grow by 3 percent per year. furthermore, the mean pe ratio of all other firms in the same industry as leblanc inc. is 15. leblanc is expected to pay a dividend of $3 per share over the next four years, and an investor in leblanc requires a return of 12 percent. what is the forecasted stock price of leblanc in four years, using the adjusted dividend discount model?

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses