The Common Stock of Energizer's Pays an Annual Dividend That

question 58

Multiple Choice

The common stock of Energizer's pays an annual dividend that is expected to increase by 10% annually. The stock commands a market rate of return of 12% and sells for $60.50 a share. What is the expected amount of the next dividend to be paid on Energizer's common stock?

• A) $.90
• B) $1.00
• C) $1.10
• D) $1.21
• E) $1.33

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Definitions:

Unconditional Reinforcement

A form of reinforcement in operant conditioning that is given consistently every time a desired response is made.

Unconditioned Response

An automatic, natural reaction to a stimulus that does not depend on prior learning.

Meat Powder

A processed product made from dried and powdered meat, used as a flavoring or nutritional supplement.

Unconditioned Response

A natural, unlearned reaction to an unconditioned stimulus that occurs without previous conditioning.