RTF, Inc Common Stock Sells for $22 a Share and Pays

question 379

Multiple Choice

RTF, Inc. common stock sells for $22 a share and pays an annual dividend that increases by 3.8% annually. The market rate of return on this stock is 8.2%. What is the amount of the last dividend
Paid?

• A) $0.88
• B) $0.90
• C) $0.93
• D) $0.97
• E) $1.00

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Definitions:

Gel Separator

A material used in blood collection tubes that separates blood cells from serum or plasma after centrifugation.

Clot Activator

A substance used in blood collection tubes that encourages blood clotting, facilitating serum separation for testing.

Potassium Oxalate

A chemical compound used as an anticoagulant in blood collection tubes, as well as in certain bleaching and cleaning processes.

Culture Media

Nutrient-rich substances used in laboratories to grow and maintain microorganisms, cells, or plant tissues under controlled conditions.