Target Corp

question 70

Multiple Choice

Target Corp. (TGT) paid a $0.21 dividend per share in 2000, which grew to $0.52 in 2007. This growth is expected to continue. What is the value of this stock at the beginning of 2007 when the required rate of return is 14.77 percent?

• A)$3.52
• B)$55.32
• C)$62.97
• D)$63.49

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Definitions:

Pleura

A double-layered membrane surrounding each lung, providing lubrication and facilitating breathing movement.

Alveoli

Tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place.

Muscular Contractions

The process by which muscle fibers produce tension or force by converting chemical energy into mechanical energy.

Internal Chest Wall

The inside layer of the chest wall, consisting of ribs, muscles, and connective tissue, which supports and protects thoracic organs.