Kinston Industries Just Announced That It Will Cut Its Dividend

question 64

Multiple Choice

Kinston Industries just announced that it will cut its dividend from $3.00 to $2.00 per share and use the extra funds to expand its operations.Kinston's dividends were expected to grow at a 2% rate,and its share price was $37.50.With the new expansion,Kinston dividends are expected to grow at a 5% rate.Kinston's share price following this announcement should be:

• A)$20.00.
• B)$30.00.
• C)$37.50.
• D)$40.00.

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Definitions:

Interpersonal Self

The aspect of an individual's self-concept based on their relationships and interactions with others.

The Interpersonal Self

Concerns the aspect of an individual’s self-concept that is formed and defined through social interactions and relationships with others.

Self-Concept

An individual's perception of themselves, including beliefs about personality traits, physical characteristics, abilities, values, goals, and roles.

Agent Self

A concept in psychology that refers to the aspect of an individual’s self-concept that is involved in making decisions and taking actions.