A Stock Pays a Constant Annual Dividend and Sells for $31.11

question 207

Multiple Choice

A stock pays a constant annual dividend and sells for $31.11 a share. If the rate of return on this stock is 9%, what is the dividend amount?

• A) $1.40
• B) $1.80
• C) $2.20
• D) $2.40
• E) $2.80

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Definitions:

Moderately Distressed

A state of experiencing a medium level of stress, discomfort, or emotional upset, not extreme but noticeable and significant.

Unconcerned

Not worried, troubled, or interested; indifferent.

Uninterested

Showing no desire or enthusiasm to be involved with or to know about something; indifferent.

Human Face

The front part of a person's head, including the forehead, eyes, nose, mouth, and chin, which is key to identifying individuals and expressing emotions.