RTF, Inc Common Stock Sells for $22 a Share and Pays

question 106

Multiple Choice

RTF, Inc. common stock sells for $22 a share and pays an annual dividend that increases by 3.8% annually. The market rate of return on this stock is 8.2%. What is the amount of the last dividend paid?

• A) $0.88
• B) $0.90
• C) $0.93
• D) $0.97
• E) $1.00

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Definitions:

Mitochondrial DNA

The DNA located in mitochondria, the energy-producing structures within cells, inherited only from the mother and used to trace maternal lineage.

Mutation Rate

The frequency at which new mutations occur in a genome over a particular period of time, influencing genetic variation within populations.

Allele Frequency

The proportion of all copies of a genetic locus in a population that are of a particular allele variant.

Heterozygotes

Individuals having two different alleles for a specific gene, one inherited from each parent, which can result in varied expressions of certain traits.