Which exchange rate regime allows the monetary authority to earn seignorage?

Banks are required by law to keep on hand to back up its deposits a minimum reserve of their checking deposits. This reserve is known as:

When demand is relatively elastic compared to supply

A stock is expected to pay dividends of 1.75 and 2.00 over the next two years, after which its price is projected at $37.50. If the market's discount rate is 11.5%, what should be the current value of this stock?

Which of the following statements is not correct?