Renew It,Inc

question 23

Multiple Choice

Renew It,Inc.,is preparing to pay its first dividend.It is going to pay $0.45,$0.60,and $1 a share over the next three years,respectively.After that,the company has stated that the annual dividend will be $1.25 per share indefinitely.What is this stock worth to you per share if you demand a 10.8 percent rate of return on stocks of this type?

• A)$6.67
• B)$8.21
• C)$10.14
• D)$11.47
• E)$12.03

---

Definitions:

Sleeping Less

Refers to reducing the typical amount of sleep one gets, which may affect health and daily functioning.

Rate-Of-Living Theory

A theory suggesting that the faster an organism’s metabolism, the shorter its lifespan, positing a link between metabolic rate and longevity.

Cell Division

A biological process by which a cell splits into two or more daughter cells, fundamental for growth, reproduction, and repair in organisms.

Free Radicals

Highly reactive molecules with unpaired electrons that can cause cellular damage, leading to various diseases and aging.