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

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Definitions:

Higher Levels

Pertains to advanced or elevated stages or states in a hierarchy or scale, often referring to complexity, understanding, or consciousness.

Concrete Operational

A stage in Piaget's theory of cognitive development, where children from about 7 to 11 years old develop logical thinking but still struggle with abstract concepts.

Preoperational

A stage in Jean Piaget's theory of cognitive development where children, from about 2 to 7 years old, are unable to think logically and are focused on themselves and their immediate viewpoint.

Division

The process of separating or classifying into different groups, categories, or sections, based on specific criteria.