The Common Stock of JL Recyclers Has a Required Return

question 33

Multiple Choice

The common stock of JL Recyclers has a required return of 12 percent and a current value of $18.72.The company pays its dividend annually and increases the amount by 4 percent each year.You own 300 shares of this stock.What was the total amount of the last dividend you received?

• A) $319
• B) $360
• C) $432
• D) $480
• E) $513

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Definitions:

Conjunct

An element of a conjunction, which is a compound statement formed by combining two or more statements with the connective "and."

Conjunction

In logic, a compound statement formed by combining two statements with the word "and," requiring both to be true.

Tautology

A statement that is true by necessity or by its logical form, independent of the truth values of its components.

Conjuncts

Parts of a complex sentence or statement, connected by a conjunction, each part contributing to the whole meaning.