Fred Flintlock Wants to Earn a Total of 10% on His

question 113

Multiple Choice

Fred Flintlock wants to earn a total of 10% on his investments. He recently purchased shares of ABC stock at a price of $20 a share. The stock pays a $1 a year dividend. The price of ABC stock needs
To _____ if Fred is to achieve his 10% rate of return.

• A) remain constant
• B) decrease by 5%
• C) increase by 5%
• D) increase by 10%
• E) increase by 15%

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Definitions:

J1939 Bus

A term used interchangeably with J1939 Data Backbone, referring to the communication network based on the J1939 standard in automotive and industrial vehicles.

Bus Connectors

Components that are used to link individual bus bars or to connect devices to a bus system, facilitating communication or power transmission.

J1939 Data Bus

A communications network protocol based on CAN (Controller Area Network), designed for heavy-duty vehicles to exchange electronic information.

RP 1210 Compliant

A standard indicating compliance with the Recommended Practice 1210, which relates to software interfaces for communicating with heavy-duty vehicle electronics.