At the beginning of 2021, Minion Inc. has a deferred tax ass…

At the beginning of 2021, Minion Inc. has a deferred tax asset balance of $8,000 and a deferred tax liability balance of $12,000. Pre-tax financial accounting income for 2021 was $600,000 and the enacted tax rate for all years is 40%. All previously existing deferred tax amounts reversed during 2021. The following items cause taxable income to be different than pretax financial income: Interest income from municipal bonds = $48,000 Accrued warranty expense (estimated to be paid in 2022) = $104,000 Installment sales revenue (will be collected in 2022) = $52,000 Prepaid rent expense (will be used in 2022) = $24,000 Which of the following is required to adjust Minion’s deferred tax asset to its correct balance at December 31, 2021?

Target’s current dividend (D0) is $3.60 per share.  The divi…

Target’s current dividend (D0) is $3.60 per share.  The dividend have been growing at 8% per year on average and that growth is expected to continue.  If Target’s current stock price is $246 per share, what is Target’s expected return?  Round your answer to two decimal places and express as a percentage.