Using the constant growth dividend valuation model and assuming dividends will growth a

constant rate forever, the increase in the value of the stock each year should be equal to the

A) dividend yield.
B) required return on the stock, rcs.
C) growth rate in dividends, g.
D) dividend yield plus the capital gains yield.


C

Business

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Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the reimbursement of the fund on September 30 includes a:

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