TMS Just Paid an Annual Dividend of $2

question 70

Multiple Choice

TMS just paid an annual dividend of $2.84 per share on its stock.The dividends are expected to grow at a constant rate of 1.85 percent per year.If investors require a rate of return of 10.4 percent, what will be the stock price be in Year 11?

• A)$41.71
• B)$40.64
• C)$35.75
• D)$41.39
• E)$42.57

---

Definitions:

Linguistic Style

A person’s characteristic speaking pattern.

Speaking Pattern

The distinct manner or style in which someone talks, often characterized by their choice of words, rhythm, and pace.

Anecdotes

Short, amusing, or interesting stories about a real incident or person.

Organizational Values

Fundamental beliefs that guide the behaviors, decisions, and actions of an organization.