A Particular Stock Sells for $43

question 71

Multiple Choice

A particular stock sells for $43.20 share and provides a total return of 11.6 percent.The total return is evenly divided between the capital gains yield and the dividend yield.Assuming a constant dividend growth rate, what is the current dividend per share?

• A)$2.24
• B)$2.37
• C)$2.34
• D)$2.51
• E)$2.47

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Definitions:

Course of Performance

The conduct between parties under a contract that indicates what they consider to be the agreement's requirement, used to interpret the contract's terms.

Course of Dealing

The conduct between parties in previous transactions that establishes a common basis for their understanding.

Conforming Goods

Products or materials that meet the specifications and standards outlined in a contract or agreement between buyer and seller.

Course of Performance

A term referring to the conduct between parties that is used to interpret their agreement within their ongoing business relationship.