The Common Stock of JL Recyclers Has a Required Return

question 113

Multiple Choice

The common stock of JL Recyclers has a required return of 10 percent and a current value of $20.32. The company pays its dividend annually and increases the amount by 3 percent each year. You own 350 shares of this stock. What was the total amount of the last dividend you received?

• A)$323
• B)$362
• C)$432
• D)$483
• E)$513