Goode Inc'S Stock Has a Required Rate of Return of 11

question 46

Multiple Choice

Goode Inc.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. Goode's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, D0?

• A) $0.95
• B) $1.05
• C) $1.16
• D) $1.27
• E) $1.40

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Definitions:

Java.lang Package

The package in Java that provides classes that are fundamental to the design of the Java programming language.

System.out.printf

A method in Java used to print formatted strings to the console or other output stream.

Decimal Number

A number that is represented using a decimal system, which is based on ten, using digits 0 through 9.

Dot Operator

In programming, the dot operator is used to access the properties or methods of an object.