Kellner Motor Co

question 60

Multiple Choice

Kellner Motor Co.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. Kellner'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

---

Definitions:

Intoxication

A temporary state of impaired physical and mental functioning due to the consumption of alcohol or drugs.

American Psychiatric Association

A professional organization of psychiatrists in the United States, dedicated to ensuring humane care and effective treatment for all persons with mental disorders.

Substance Use Disorder

A condition characterized by an uncontrolled use of substances despite harmful consequences.

Moderately Intoxicated

A state of being under the influence of alcohol or other substances to a degree that is noticeable but not severe or extreme.