After changes to the copyright law in 1978, for how long is intellectual property protected? A.
the lifetime of the artist plus 70 years
B.
100 years
C.
for the lifetime of the artist
D.
in perpetuity

the stock price that need to pay for the stock today is $46.2

Explanation:

The computation of the stock price is shown below:

= Dividend × (1 - growth rate) ÷ (required return - growth rate)

= $7 × (1 - 0.01) ÷ (14% - (-1%))

= $6.93 ÷ 0.15

= $46.2

Hence, the stock price that need to pay for the stock today is $46.2

Basically we applied the above formula so that the correct stock price could come