A Stock Sells for $12

question 97

Multiple Choice

A stock sells for $12.36 a share and has a required return of 9 percent.Dividends are paid annually and increase at a constant 3 percent per year.What is the amount of the last dividend paid?

• A) $0.46
• B) $0.50
• C) $0.59
• D) $0.63
• E) $0.72

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Definitions:

Bacteria

Microscopic, single-celled organisms that exist in almost every environment on Earth and play critical roles in various biological processes.

Implicit Social Support

The perceived availability of support without explicitly seeking it, derived from one's social network, enhancing coping and stress management.

Explicit Social Support

Direct and clear offers of help, care, or encouragement from individuals within one's social network.

Denial

A defense mechanism whereby individuals refuse to accept the reality of a situation or fact, often to avoid discomfort or anxiety.