Steady as she goes inc. will pay a year-end dividend of $2.20 per share. investors expect the dividend to grow at a rate of 4% indefinitely. (a) if the stock currently sells for $22.00 per share, what is the expected rate of return on the stock? (do not round intermediate calculations. enter your answer as a whole percent.) (b) if the expected rate of return on the stock is 16.50%, what is the stock price? (do not round intermediate calculations.)

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.