What Is the Estimated Price of Once in a Blue

question 26

Multiple Choice

What is the estimated price of Once in a Blue Moon stock that has the following dividends? The return on similar investments is 18%. (Round the growth rate to the nearest whole percent.) $$\begin{array} { | l | l | } \hline \text { YEAR } & \text { DIIDENDS } \\\hline 2014 & \$ 2.50 \\\hline 2013 & \$ 2.48 \\\hline 2012 & \$ 2.36 \\\hline 2011 & \$ 2.32 \\\hline\end{array}$$

• A) $17
• B) $13
• C) $22
• D) $50

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Definitions:

Manufacturers

Entities involved in the process of converting raw materials into finished products through various means, including physical, labor-intensive, or mechanical processes.

Distributors

Entities that buy products directly from manufacturers and sell them to retailers or end consumers, acting as intermediaries in the supply chain.

Legal Consideration

An essential element in contract law that refers to something of value exchanged between parties as part of an agreement, which is necessary for the contract to be enforceable.

Promissory Estoppel

A legal principle that enforces a promise in absence of a formal contract, provided individuals have acted in reliance on that promise.