Jackson Corporation Paid a Dividend of $1

question 54

Multiple Choice

Jackson Corporation paid a dividend of $1.50 per share.It forecasted a $2.50 per share in earnings and had a stock price of $45.Determine the stock price if Cormex declared a 15% stock dividend.

• A)$33.88
• B)$36.21
• C)$39.13
• D)$42.28

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Definitions:

Mature Forms

Fully developed stages of organisms or their features.

Private Speech

Speech spoken to oneself for communication, self-guidance, and self-regulation rather than for communicating with others; often observed in children as a developmental stage.

Self-Regulation

The ability to monitor and control one's own behavior, emotions, or thoughts, adjusting them according to the demands of the situation.

Morality Of Constraint

A concept in moral development theory referring to younger children's understanding of morality as a set of unchangeable rules imposed by authority.