Arcs and Triangles Paid an Annual Dividend of $1

question 103

Multiple Choice

Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.52, $1.58, and $1.60 a share over the next three years, respectively. After that, the dividend will be constant at $1.65 per share per year. What is the market price of this stock if the market rate of return is 12 percent?

• A) $13.98
• B) $14.07
• C) $13.54
• D) $14.16
• E) $15.01

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Definitions:

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To express disapproval of someone or something based on perceived faults or mistakes.

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A psychological phenomenon where the desire for harmony and conformity in a group leads to irrational or dysfunctional decision-making outcomes.