A Share of Lash Inc

question 68

Multiple Choice

A share of Lash Inc.'s common stock just paid a dividend of $1.00.If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price?

• A) $16.28
• B) $16.70
• C) $17.13
• D) $17.57
• E) $18.01

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Definitions:

Paragraph Dialog Box

A feature in text processing software that provides options for adjusting paragraph formatting, including indentation, line spacing, and alignment.

Text Highlight Color

A feature in text editing and word processing applications that allows users to change the background color of selected text for emphasis or organization.

Redo Button

A feature in software applications that reverses the last undo action, allowing users to reapply changes they had previously reversed.

Quick Access Toolbar

A customizable toolbar in Microsoft Office programs that provides convenient access to frequently used commands.