Young Sook Owns Stock in a Company Which Has Consistently

question 69

Multiple Choice

Young Sook owns stock in a company which has consistently paid a growing dividend over the last10 years. The first year Young Sook owned the stock, she received $4.50 per share and in the 10thyear, she received $4.92 per share. What is the growth rate of the dividends over the last 10 years?

• A) 4 percent
• B) 1 percent
• C) 5 percent
• D) 2 percent

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Definitions:

Lewis Structure

A diagram that represents the valence electrons of atoms within a molecule, illustrating the bonding between atoms and the existence of lone pairs of electrons.

Acetic Acid

A weak, organic acid that gives vinegar its characteristic smell and sour taste; used as a chemical reagent.

Lone Pairs

Electron pairs in the outer shell of an atom that are not involved in chemical bonding.

Orbital

An equation that represents the wave-like actions of one or two electrons in an atomic structure.