Janet Owns 1000 Shares of Walmart Inc

question 21

Multiple Choice

Janet owns 1000 shares of Walmart Inc.The firm has a semiannual dividend policy of $0.60 per share or the option to reinvest the cash dividends into additional shares of company stock.If the stock is selling for $33.00 per share ex-dividend,how many shares of stock will Maggie receive in the next dividend period if she chooses the dividend reinvestment plan?

• A)60 shares
• B)18.18 shares
• C)10.33 shares
• D)8.64 shares

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Definitions:

Mixed Messages

Communications that contain conflicting or contradictory information, leading to confusion and misinterpretation among the recipients.

Profit-Maximizing

A strategy or process by which a business seeks to generate the highest possible profit from its operations, often by adjusting prices, output, or production methods.

Marginal Cost

The increase in cost resulting from the production of an extra unit of a product or service.

Markup

The difference between the cost of a product or service and its selling price, expressed as a percentage of the cost.