Larissa wants to fund a growing perpetuity that will pay $10,000 per year to a local museum starting next year. she wants the annual amount paid to the museum to grow by 5% per year. given that the interest rate is 9%, how much does she need to fund this perpetuity?
Based on the information in Table 4-3, assuming that the firm has no preferred stock, and paid $300,000 in common dividends, what was the firm's return on equity?