Assume that tom and jerry have formed a contract whereby tom agrees to deliver 10,000 dozen "grade a large eggs" to be shipped in paper cartons. a shortage of paper makes paper cartons much more expensive, so tom uses styrofoam cartons and ships the eggs. jerry is entitled to cancel the contract based on a material breach of the contract.

a. true
b. false

The farmer's market just paid an annual dividend of $5 on its stock. the growth rate in dividends is expected to be a constant 5 percent per year indefinitely. investors require a 13 percent return on the stock for the first 3 years, a 9 percent return for the next 3 years, a 7 percent return thereafter. what is the current price per share? select one: a. $212.40 b. $220.54 c. $223.09 d. $226.84 e. $227.50 previous pagenext page