Charles Berkeley,Inc

question 25

Multiple Choice

Charles Berkeley,Inc.just paid an annual dividend of $3.60 per share on its stock.The dividends are expected to grow at a constant rate of 4.5 percent per year,indefinitely.If investors require an 11 percent return on this stock,what will the price be in 12 years?

• A)$91.71
• B)$93.62
• C)$95.75
• D)$98.15
• E)$102.57

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Definitions:

Stable Relationship

A relationship characterized by consistent affection, support, mutual respect, and ongoing commitment between partners.

Sex

A biologically based categorization of living organisms, typically as male or female, based on reproductive organs and functions.

Anal Eroticism

Sexual activities involving the anus.