A Stock Sells for $12

question 20

Multiple Choice

A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually and increase at a constant 3 percent per year. What is the amount of the last dividend paid?

• A)$.46
• B)$.50
• C)$.59
• D)$.63
• E)$.72

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Definitions:

Ethnocide

The deliberate and systematic destruction of the culture of an ethnic group.

Collective Cultural Identity

The shared sense of belonging to a group that is collectively defined by its common heritage, traditions, language, and customs.

Ethnic Group

People who collectively and publicly identify themselves as a distinct group based on shared cultural features such as common origin, language, customs, and traditional beliefs.

Talking Circle

A traditional meeting style used by various Indigenous peoples, where participants sit in a circle to discuss and resolve issues collaboratively.