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:

Zero-Tolerance Policy

A policy that enforces strict consequences for specific offenses or behaviors, without exceptions.

Whole-School Strategy

An approach to educational improvement that involves every member of a school community working together towards common goals for the welfare and success of every student.

Stopping Bullying

The process of identifying, preventing, and addressing aggressive behavior among children and adults in various settings.

School Culture

The beliefs, perceptions, relationships, attitudes, and written and unwritten rules that shape and influence every aspect of how a school functions, but the term also encompasses more concrete issues such as the physical and emotional safety of students, the orderliness of classrooms and public spaces, and the degree to which a school embraces and celebrates racial, ethnic, linguistic, and cultural diversity.