The Last Dividend Paid by New Technologies Was an Annual

question 3

Multiple Choice

The last dividend paid by New Technologies was an annual dividend of $1.40 a share.Dividends for the next 3 years will be increased at an annual rate of 8 percent.After that,dividends are expected to increase by 3 percent each year.The discount rate is 16 percent.What is the current value of this stock?

• A) $10.40
• B) $12.60
• C) $13.33
• D) $14.10
• E) $15.55

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Marine Conditions

Environmental factors pertaining to the ocean or sea, including salinity, temperature, and ecosystems.

Nonmarine Conditions

Environmental or geological conditions that occur in areas not influenced by the sea, often referring to freshwater or terrestrial habitats.

Coral Reef

Underwater ecosystems characterized by reef-building corals. These structures provide habitat for a diverse range of marine species and are important for coastal protection.

Evaporite Minerals

Minerals formed by the evaporation of water, leaving behind salts and other soluble substances, common in arid environments or enclosed bodies of water.