Renew It,Inc

question 23

Multiple Choice

Renew It,Inc.,is preparing to pay its first dividend.It is going to pay $0.45,$0.60,and $1 a share over the next three years,respectively.After that,the company has stated that the annual dividend will be $1.25 per share indefinitely.What is this stock worth to you per share if you demand a 10.8 percent rate of return on stocks of this type?

• A)$6.67
• B)$8.21
• C)$10.14
• D)$11.47
• E)$12.03

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Definitions:

Stakeholders

Individuals or groups with an interest or concern in a business or project, including customers, employees, investors, and suppliers.

Assimilation Strategy

A method used by organizations to integrate individuals or groups into a prevailing culture or set of norms, often minimizing differences to create cohesion.

Corporate Cultures

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Bicultural Audit

A thorough examination that assesses how well an individual or organization navigates and integrates two distinct cultural identities or practices.