Ernst Electrical Increases Its Annual Dividend by 1

question 33

Multiple Choice

Ernst Electrical increases its annual dividend by 1.8 percent annually.The stock commands a market rate of return of 18 percent and sells for $19.07 a share.What is the expected amount of the next dividend?

• A)$3.03
• B)$3.07
• C)$3.18
• D)$3.21
• E)$3.09

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