The Common Stock of Tigre Tools Has a Required Return

question 306

Multiple Choice

The common stock of Tigre Tools has a required return of 14.5 % and a growth rate of 3.6 %. The last annual dividend was $1.50 a share. What is the current price of this stock?

• A) $13.76
• B) $13.92
• C) $14.26
• D) $14.87
• E) $15.30

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Definitions:

Unary Arithmetic Expression

An expression in computer programming that involves an operator and only one operand; examples include increment (++), decrement (--) operations.

LiteralValue

A value explicitly written in the code, representing a fixed value such as a number, string, or boolean.

Literal String

A sequence of characters used directly in code, often enclosed in quotes to represent text.

Conversion Control Sequence

Part of a format string indicating how a value should be formatted when output, such as displaying an integer in hexadecimal.