assume the sales budget for april and may is 30,000 units and 32,000 units, respectively. the production budget for the same two months is 27,000 units and 28,800 units, respectively. each unit of finished goods required 4 pounds of raw materials. the company always maintains raw materials inventory equal to 15% of the following months production needs. if the company pays $2.50 per pound of raw material, then what is the estimated cost of raw material purchases for april?

The incremental earnings would be 42.3 million and 72.6 million dollars for the two years. Free cash flows for this enterprise to expand its production for the first two years will be 20.73 million dollars and 53.57 million dollars.

a)For year 1: Incremental earnings = Revenues - Costs of goods sold and operating expenses other than depreciation - Depreciation - Increase in net working capital

= 108.2 - 36.6 - 24.2 - 5.1

= 42.3 million dollars

For year 2: 156.1 - 42.5 - 32.1 - 8.9

= 72.6 million dollars

b)For year 1: Free cash flow = Incremental earnings - Capital expenditures * (1 - Marginal corporate tax rate)

= 42.3 - 38.6 * (1 - 0.43)

= 20.73 million dollars

For year 2: 72.6 - 32.1 * (1 - 0.43)

= 53.57 million dollars

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The effect on the equilibrium quantity is ambiguous.

When the price of the ingredient used to make hand sanitizer, such as rubbing alcohol, increases, this affects the supply of hand sanitizer. The reason for this is that it makes producing hand sanitizer more expensive. As a result, the supply curve for hand sanitizer will shift to the left.

The supply of hand sanitizer will decrease, and the equilibrium price will increase. The equilibrium quantity of hand sanitizer is ambiguous, which means it's difficult to determine what effect the price increase of rubbing alcohol will have on the quantity demanded of hand sanitizer. This is because the demand for hand sanitizer also plays a role in determining the equilibrium quantity, and it's uncertain whether the increase in price will cause a decrease in demand.

For example, it's possible that the increase in the price of hand sanitizer could cause consumers to switch to other substitutes such as soap and water. This would cause the demand for hand sanitizer to decrease, which could offset the increase in the price of the good. However, it's also possible that the demand for hand sanitizer remains constant, and the increase in price causes a decrease in the quantity demanded.

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a. False. If both the demand and supply for a product increase, the equilibrium quantity of the product may increase, decrease, or remain unchanged, depending on the magnitude of the shifts in demand and supply.

b. False. If both the demand and supply for a product increase, the equilibrium price of the product may increase, decrease, or remain unchanged, depending on the magnitude of the shifts in demand and supply.

c. True. If the demand for a product decreases and the supply of the product increases, the equilibrium price of the product may increase, decrease, or remain unchanged, depending on the relative magnitude of the shifts in demand and supply. The direction of the change in equilibrium price will depend on which shift is larger in magnitude. If the increase in supply is larger, the equilibrium price may decrease; if the decrease in demand is larger, the equilibrium price may also decrease.

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A firm with ten directors on its board holds 20% of your shares. By casting all of your votes for 22 directors in a cumulative voting or election, you can achieve proportional representation by filling 22 board seats (20% of ten).

By casting all of your votes for four directors in a cumulative voting system, you may elect representatives to four board seats (or 40% of the 10 seats available), giving you proportional representation.

Using a voting technique known as cumulative voting can assist minority shareholders have a stronger voice in choosing directors. One candidate for the board of directors may receive all of the votes from shareholders using this procedure.

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Real estate listings are the sole property of the broker who has received them. If a salesperson working for the brokerage resigns, the listings would stay with the broker.

When a salesperson is employed by a brokerage company, they work under the brokerage's license, which is issued by the real estate regulatory body in the jurisdiction where the brokerage is registered. The licensing body has approved the brokerage to act as a property manager and to hire salespeople to perform real estate transactions on its behalf. Therefore, the listings belong to Imperial Realty, and Miguel cannot keep them. If the listings sell, Imperial Realty will receive the commission, not Miguel.

It is because the properties were listed under Imperial Realty's license. Miguel may start his real estate business, and he may have to list those properties again under the new brokerage company. In that case, the new brokerage will receive the commission when the properties sell. Therefore, a salesperson cannot take the listings with him/her after leaving a brokerage. The broker owns the listings, and the salesperson is only authorized to advertise them on the broker's behalf.

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The impairment loss to be reported is $8,000 for the truck.

To determine the amount of impairment loss, we need to compare the fair value, estimated future cash flows, and book value of each asset.

For the equipment, the fair value is $25,000, which is lower than its book value of $30,000. However, the estimated future cash flows of $36,000 are higher than the book value. Therefore, there is no impairment loss to report for the equipment.

For the truck, the fair value is $34,000, which is lower than its book value of $42,000. Additionally, the estimated future cash flows of $45,000 are higher than the book value, but not enough to cover the difference between the fair value and book value. Therefore, an impairment loss needs to be reported for the truck.

The impairment loss for the truck is calculated as:

Book Value - Fair Value = $42,000 - $34,000 = $8,000

For the building, the fair value and estimated future cash flows are both higher than the book value, so there is no impairment loss to report.

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XR Transport, Inc. is liable to Rapid for breach of contract if Rapid accepted the offer to purchase the truckload of palettes.

Once Rapid accepted the offer, a contract was formed, and XR Transport, Inc. had a legal obligation to sell the palettes to Rapid.

By revoking the offer and selling the palettes to another party, XR Transport, Inc. breached the contract with Rapid.

XR Transport, Inc. may also be liable to Speedy for breach of contract, depending on the terms of the agreement between the two parties.

If XR Transport, Inc. offers substitute goods to Rapid that are of the same quality and price as the palettes originally offered.

Then XR Transport, Inc. would not be liable to Rapid for breach of contract.

However, this would depend on the specific circumstances and terms of the contract between XR Transport, Inc. and Rapid.

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The observed pattern of the constant average total cost is likely due to constant returns to scale, where the cost per unit remains the same as output increases.

The firm's observed trend of having the same average total cost of $180 when making 30,000 or 40,000 vases indicates that it is experiencing consistent returns to scale. Constant returns to scale arise when growing output by a certain percentage results in an increase in overall expenses.

In other words, the firm's production process does not experience economies of scale (cost reductions as output rises) or diseconomies of scale (cost increases as output decreases), but rather a constant cost structure across its production scale.

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The petition will be granted if Green has 12 or more unsecured creditors and at least 3 of them, whose claims are not contingent as to liability or subject to bona fide dispute as to liability or amount, hold claims totaling at least $16,750.

In this case, Green has four unsecured creditors, and their claims are not contingent as to liability or subject to bona fide dispute as to liability or amount. Therefore, if Rice, Vick, and Zinc's claims total at least $16,750, the involuntary petition to place Green into bankruptcy under chapter 7 of the federal bankruptcy code will be granted. Adding up their claims, their total is $22,000, which is more than the required amount of $16,750, so the involuntary petition will likely be granted.

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By using the double-declining balance method, the book value at December 31, 2022, would be $35,682.

To use the double-declining balance method, we need to calculate the straight-line depreciation rate first. This is done by subtracting the residual value from the initial cost and then dividing by the number of years of the asset's life. In this case, the calculation would be:

($77,000 - $6,900) / 5 years = $14,220 per year

Using the double-declining balance method, the depreciation expense for 2021 would be:

$77,000 x 2 x ($14,220 / 100%) = $27,098

The book value at the end of 2021 would be:

$77,000 - $27,098 = $49,902

For 2022, we need to apply the same depreciation rate to the book value at the beginning of the year, which is $49,902. The depreciation expense for 2022 would be:

$49,902 x 2 x ($14,220 / 100%) = $14,220

Adding the depreciation expense for 2021 and 2022 together gives us a total accumulated depreciation of $41,318. Subtracting this from the asset's initial cost gives us the book value at December 31, 2022:

$77,000 - $41,318 = $35,682

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Trades in or out of government bonds. As one purchases bonds, the money supply rises; when one sells bonds, it falls.

Bonds known as dual currency bonds are those for which capital is raised in one currency but redemption occurs in a different one. A dual currency bond has two different currencies as its principal and coupon rate. A rise in the issue of dual currency bonds during the low interest rate years of 1995 and 1996 was mostly caused by Japanese investors looking for income options that were not accessible domestically. Among the oldest and most successful currency-linked fixed income securities, dual currency bonds have endured in popularity. In the late 1980s, the securities were issued through a private placement, with Japanese insurers providing funds to American and European issuers.

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The estimates from the dividend discount model and the discounted cash flow model may differ because these two models make different assumptions and rely on different inputs.

The dividend discount model values a stock based on the present value of its future dividends, while the discounted cash flow model values a stock based on the present value of its future free cash flows.

One key difference between the two models is their treatment of earnings that are not paid out as dividends. The dividend discount model assumes that only dividends provide value to shareholders, while the discounted cash flow model takes into account the value of earnings that are retained and reinvested in the business. This can result in different valuations if a company has a high proportion of retained earnings.

In addition, the two models may rely on different assumptions about growth rates, discount rates, and other inputs. These assumptions can have a significant impact on the resulting valuations. During the valuation process, it is important to carefully consider these assumptions and to use reasonable and well-supported inputs to obtain accurate and reliable valuations.

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In accounting, the term translation typically refers to the procedure required to prepare a foreign subsidiary's financial statements for consolidation.

This process involves converting the subsidiary's financial statements from its local currency to the reporting currency of the parent company. The reason for this procedure is to ensure that all financial information is presented in a consistent manner, regardless of the subsidiary's location.

The functional currency of the subsidiary is determined based on the primary economic environment in which it operates. This is typically the currency of the country in which it is located, but there may be instances where a different currency is more appropriate.

Once the functional currency is determined, the subsidiary's financial statements are translated into the reporting currency using the current exchange rate. This process can result in gains or losses from exchange rate fluctuations, which are recorded in the consolidated financial statements.

It's important to note that translation is different from the calculation of gains or losses from individual transactions in foreign currencies. These gains or losses are typically recorded as part of the underlying transaction and are not related to the translation process.

In summary, translation in accounting refers to the process of preparing a foreign subsidiary's financial statements for consolidation in the reporting currency of the parent company. It involves converting financial information from the local currency to the reporting currency using the current exchange rate and can result in gains or losses from exchange rate fluctuations.

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The Laffer Curve is a graphical representation of the relationship between tax rates and tax revenues. It was first proposed by economist Arthur Laffer in the 1970s and suggests that there is an optimal tax rate that maximizes government revenue.

According to the Laffer Curve, if tax rates are too high, they can discourage work, investment, and entrepreneurship, leading to a decrease in taxable income and ultimately a decrease in tax revenue. On the other hand, if tax rates are too low, there may not be enough revenue to fund government spending programs. The Laffer Curve implies that there is a trade-off between tax rates and government revenue, and that the optimal tax rate depends on various factors, such as the level of economic activity and the behavior of taxpayers.

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According to the facts given, Mohr and Lloyd, the proprietors of Tri-County Farm Company, did not behave properly in this instance. They sold three separate farms the tractors that EFS had rented to them instead of leasing them to farmers as they had represented to EFS. Due to this violation of contract, EFS sued and won a judgement against Tri-County, Mohr-Lloyd, and Mohr and Lloyd individually.

Who controls the tractors will be determined by the conditions of the lease deal between EFS and Mohr-Lloyd. If the lease agreement explicitly specified that EFS maintained possession of the tractors and that Mohr-Lloyd had no power to transfer them, then EFS would be the legitimate owner. If, on the other hand, the lease arrangement was ambiguous or did not mention ownership, it could be claimed that Mohr-Lloyd had the power to sell the tractors and that the farmers who bought them had a legitimate claim to ownership.

The Supreme Court of Kansas did not explicitly discuss the question of tractor ownership in the case of Executive Financial Services, Inc. v. Pagel, as the case mainly concentrated on whether EFS could recover the tractors from the farmers who purchased them. The court eventually decided that EFS had the right to reclaim the tractors from the farms because they were not bona fide purchasers for value without knowledge of EFS's interest in the tractors.

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The answer is (a) $2.67. The basic earnings per share (EPS) can be calculated as the net income minus preferred dividends, divided by the weighted average number of common shares outstanding.

Here are the calculations:

Net income: $50,000

Preferred dividends: $10,000

Dividends on common stock: $8,000

Net income available to common shareholders: $50,000 - $10,000 - $8,000 = $32,000

Weighted average number of common shares outstanding: 12,000 (since there were no stock issuances or repurchases during the year)

Therefore, the basic EPS for Paisley Company would be:

Basic EPS = Net income available to common shareholders / Weighted average number of common shares outstanding

Basic EPS = $32,000 / 12,000

Basic EPS = $2.67

Therefore, the answer is (a) $2.67.

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The most likely school of thought to advocate the use of fiscal policy in fighting recessions is Keynesian economics. So, the correct answer is B.

This approach emphasizes the importance of aggregate demand and the role of government intervention in managing the economy.

Keynesian economists believe that fiscal policy, which includes government spending and taxation, can be used to stabilize economic fluctuations and boost aggregate demand during recessions.

In contrast, monetarism focuses on controlling the money supply to manage inflation and stabilize the economy. Rational expectations theory asserts that individuals make decisions based on their rational expectations of future events, which limits the effectiveness of fiscal policy.

Real business cycle theory emphasizes the role of productivity shocks in causing economic fluctuations, with limited scope for fiscal policy intervention. Classical macroeconomics assumes that markets automatically adjust to achieve full employment, so fiscal policy intervention is unnecessary.

In summary, Keynesian economics is the school of thought that most strongly supports the use of fiscal policy to combat recessions, as it emphasizes the need for government intervention to manage aggregate demand and stabilize the economy.. And, for the question above, the answer which correct is B. Keynesian.

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The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).

Why it is?

Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:

A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.

A debit entry for the two replacement monitors received on October 10, for a total of $700.

A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.

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Most of the potential customers for a specific retailer live or work in that retailer's trade area. The statement is True.

A trade area is the geographic region where most of the consumers of a particular business come from. A company's trade area is the region around its physical location where it hopes to attract clients.

It can be determined by the type of products and services offered, as well as the firm's intended target audience. Retailers' trade areas are those areas where most of their potential clients reside or work.

The trade area for a single company can be used by several retailers. For example, one trade area may be home to a grocery store, a car dealership, a clothing store, and a florist.

The trade area for each store will differ based on the product category they offer and the target audience they hope to attract.

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When Jack is getting ready to retire and he has a salary of $100,000 and is saving 15% annually in his 401(k) plan, the recommended wage replacement ratio, assuming he wants to maintain his lifestyle, is 85%. Option A is correct.

Assuming Jack's current salary of $100,000 is a good estimate of his income needs in retirement, he would need to replace 85% of that income, or $85,000 annually. Assuming a 4% safe withdrawal rate, he would need a retirement portfolio of $2,125,000.

Jack's 401(k) plan savings rate of 15% is a good start, but he may want to consider increasing his savings rate or contributing to additional retirement accounts such as an IRA or Roth IRA to reach his retirement savings goal.

Additionally, since Jack's mortgage is now paid off, he may have more disposable income to contribute towards retirement savings or other goals. It's important for Jack to regularly review his retirement plan and adjust his savings rate and investment strategy as needed to ensure he reaches his retirement goals.

Thus, Option A is correct.

The complete question:

Jack is getting ready to retire. He has a salary of $100,000 and is saving 15% annually in his 401(k) plan. He just made his last principal and interest monthly payment on his mortgage of $2,350. His home is now debt free. What would you recommend regarding a wage replacement ratio, assuming he wants to maintain his lifestyle?

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Their operating income is $95,000, calculated as revenue ($600,000) minus expenses ($405,000) minus payroll expenses ($100,000).

Operating Income = Revenue - Expenses - Payroll Expenses

Revenue = $600,000 Expenses = $400,000 + $5,000 = $405,000

Payroll Expenses = $100,000

Operating Income = $600,000 - $405,000 - $100,000

Operating Income = $95,000

Therefore, Hannah and Ashni's operating income for the year is $95,000.

Operating income is a measure of a company's success that shows money from activities minus costs such as the cost of products sold, operating expenses, and salary expenses. It shows how much profit a firm makes from its main business operations.

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Answer: The sentences repeat the same wordds

The equilibrium price of a good or service in a competitive market is a reflection of the opportunity cost of producing the product.

In a competitive market, the equilibrium price occurs where the quantity demanded equals the quantity supplied, reflecting the cost of resources used in production and the value placed on the product by consumers.

A competitive market is a market in which a large number of producers compete with one another to sell a homogenous commodity or product. The buyers also compete for purchasing that product because it is identical in nature to the other products. A competitive market is a market that operates according to the laws of supply and demand.

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Apple designs its goods and supply networks for its own benefit, allowing them to keep the majority of profits from its industry and value chain. Here option C is the correct answer.

Apple is known for its ability to design and manage its products and supply chains in a way that allows it to retain a large portion of the profits from its industry and value chain.

This includes designing products that are difficult for competitors to replicate, managing its supply chain to minimize costs and maximize efficiency, and leveraging its brand and reputation to command premium prices for its products.

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Complete question:

Apple is able to retain most of the profits from their industry and value chain because: group of answer choices

A - apple does not invest as much in technology and research as their peers their products are relatively inexpensive to make compared to their competitor products

B - apple has the best marketing in the industry

C - apple designs their products and supply chains to their own advantage

According to theory of comparative advantage, country will export a good only if its productivity will be higher in producing the good than the productivity of other countries in producing it. Option B is correct.

The theory of comparative advantage states that countries should specialize in producing goods and services in which they have a comparative advantage, meaning that they can produce more efficiently than other countries. This is determined by comparing the relative productivity of a country in producing a given good or service with the productivity of other countries.

While factors such as wage rates and production costs can influence a country's competitiveness, they are not the only factors that determine whether a country will export a particular good. For example, a country may have a comparative advantage in producing a good even if its wage rates are higher than in other countries, if its productivity is also correspondingly higher.

Hence, B. is the correct option.

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--The given question is incomplete, the complete question is

"According to the theory of comparative advantage, a country will export a good only if group of answer choices A) it can produce it using less labor than other countries B) its productivity is higher in producing the good than the productivity of other countries in producing it. C) its wage rate in producing the good is lower than in other countries. D) its cost of producing the good, relative to other goods, is at least as low as in other countries. E) all of the above."--

A market-based pay system is feasible if all jobs are benchmark jobs and direct matches can be found in the market.

A market-based pay system refers to a system in which salaries are determined based on the current job market. In essence, employees are paid a salary that is comparable to what other businesses in their industry are paying for similar positions. Employees in market-based pay systems may get raises when they gain knowledge or experience or when they advance to a higher job level. However, their pay increases might also be determined by the external market, which means that their compensation is based on the competitiveness of the local job market.A market-based pay system is feasible if all jobs are benchmark jobs and direct matches can be found in the market. Benchmarking entails comparing your company's job positions to those of other businesses. The aim is to determine if your company is paying a competitive salary for similar jobs in your market area. Direct matches refer to positions in other firms that are substantially similar to positions in your organization.A market-based pay structure is the most effective pay system for attracting and retaining employees because it is based on market competition. This implies that pay rates are determined by how competitive the local job market is. This pay system takes into account the external market for jobs, which can fluctuate dramatically over time.

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September journal entries for the transaction are as follows;

Debit Accounts Receivable $40,000

Credit Sales Revenue $40,000

Debit Cash $40,000

Credit Accounts Receivable $40,000

Debit Cost of Goods Sold $20,000

Credit Inventory $20,000

In order to record the September journal entries, we need to know the transactions first.

Transaction: On September 1, 2019, Pitform Corporation enters into an agreement with Balen Corp. to sell it $40,000 of goods.

Journal Entry:

Debit Accounts Receivable $40,000

Credit Sales Revenue $40,000

Transaction: Payment is due upon acceptance.

Journal Entry:

No entry is required since payment will only be made upon acceptance.

Transaction: Acceptance is determined by both Pitform and Balen to be on September 30, 2019.

Journal Entry:

Debit Cash $40,000

Credit Accounts Receivable $40,000

Transaction: Pitform produces the goods for a cost of $20,000.

Journal Entry:

Debit Cost of Goods Sold $20,000

Credit Inventory $20,000

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When an organization is facing a crisis that it must diffuse, the promotion mix tool that can be especially important is public relations.

Public relations is the practice of building and maintaining relationships between an organization and its various stakeholders, including customers, employees, investors, and the general public. It involves using various communication channels, such as media relations, community outreach, and crisis management, to influence perceptions and attitudes toward the organization.

During a crisis, public relations can play a crucial role in diffusing the situation by managing the flow of information and providing a clear and transparent response to stakeholders. Public relations professionals can use various tactics, such as media statements, press conferences, social media updates, and community outreach, to communicate with stakeholders and provide accurate information about the crisis and the organization's response.

By using public relations effectively, an organization can help to minimize the negative impact of a crisis and maintain the trust and support of its stakeholders. This can be especially important in protecting the organization's reputation and ensuring its long-term success.

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A fraudster can persuade a potential victim that joining his fraud plan will result in a sizable bonus. D. Kiting is the one utilizing fraud.

Prospective victims are those who have not yet been victims of trafficking but are at risk of becoming victims because of their susceptibility or other factors. Pretexting is the practice of fraudsters calling potential identity theft victims while pretending as company employees to validate data they have already gathered. typically for financial gain. Potential lenders are alerted by a fraud notice that you may be a victim of identity theft. It gives creditors particular instructions to follow in order to help protect you, which can make it more difficult for others to get bin your name. Receiving credit may be impossible if you receive a fraud warning.

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The price of the stock today is $23.43. To calculate the price of the stock, we can use the constant growth formula for perpetuity:

The price of a stock with constant dividend payments can be calculated using the Gordon growth model, which assumes that the stock's dividend grows at a constant rate indefinitely. The formula for the model is P = D/(r-g), where P is the current stock price, D

Price = Dividend / (Required Rate of Return - Growth Rate)

Since the dividend per share is expected to remain constant forever, the growth rate is zero. Thus, we can plug in the given values:

Price = $1.75 / (0.0745 - 0) = $23.43 (rounded to the nearest cent)

Therefore, the price of the stock today is $23.43.

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