You are an accountant and have been analyzing the financial statements of Euro Place Markets, which is a foreign retailer.

56.

You are an accountant and have been analyzing the financial statements of Euro Place Markets, which is a foreign retailer. While the firm's financials are not prepared according to GAAP, you have still been able to understand the firm's accounting practices and feel that this firm has a bright future. On which one of the following U.S. markets, if any, might you be able to purchase shares in this firm?    A.  NYSE. B.  NASDAQ. C.  OTCBB. D.  Pink Sheets. E.  No U.S. market will list this foreign security. Refer to section 8.3

57.

Miller Brothers Hardware paid an annual dividend of $0.95 per share last month. Today, the company announced that future dividends will be increasing by 2.6 percent annually. If you require a 13 percent rate of return, how much are you willing to pay to purchase one share of this stock today?    A.  $9.23 B.  $9.37 C.  $9.67 D.  $9.72 E.  $9.88