Ace Incorporated Has Just Paid a Dividend of $4

question 72

Multiple Choice

Ace Incorporated has just paid a dividend of $4.00 per share.They have a retention ratio of 20 percent.They have a P/E ratio of 14.What should be the current price of the stock?

• A) $56.00
• B) $11.20
• C) $70.00
• D) $46.67
• E) There is not enough information to answer this question.

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Definitions:

Phytoplankton

Microscopic plant-like organisms that live in aquatic environments, forming the base of many aquatic food webs and producing a significant portion of Earth's oxygen.

Lake Turnover

The seasonal process in lakes where water layers mix, redistributing oxygen from the surface and nutrients from the bottom.

Temperate Lake

A lake located in a temperate climate zone, experiencing moderate temperatures and distinct seasonal changes.

Intertidal Zone

The area of land between high tide and low tide; a zone which is underwater at high tide and exposed at low tide, hosting unique ecosystems.