The statements describing the southern economy in the antebellum era include 'it was primarily agricultural', 'it relied heavily on slave labor' and 'it produced mostly cotton and tobacco', It was a primary economy.
<h3>The southern economy in the antebellum era</h3>
In the USA, the economy of the antebellum era underwent an acceleration of economic growth.
This economy was characterized by the presence of slaves in the southern states and the family-farm of the free states.
In these southern states, the economy was directly tied to cotton and tobacco production.
Learn more about the antebellum era here:
brainly.com/question/8379433
Based on the dividend paid, the dividend growth rate, and the required return, the price of the stock is $51.20
<h3>What is the price of the stock?</h3>
This can be solved by the Gordon Growth Model:
Price of stock = Next dividend / (Required return - growth rate)
Solving gives:
= (3.20 x 1.04) / (0.105 - 0.04)
= 3.328 / 0.065
= $51.20
Question is:
Find the price of the stock
Find out more on the Gordon Growth Model at brainly.com/question/18760464
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Explanation:
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