A Stock Sells for $14

question 72

Multiple Choice

A stock sells for $14.85 a share and has a required return of 14 percent. Dividends are paid annually and increase at a constant 3 percent per year. What is the amount of the last dividend paid?

• A) $1.46
• B) $1.50
• C) $1.59
• D) $1.63
• E) $1.70

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Definitions:

Types of Garbage

Refers to various categories of waste materials, including organic waste, recyclable materials, hazardous waste, and others, each requiring different disposal methods.

Charged Differently

A scenario where different prices are applied for the same service or product to different customers or in different circumstances.

Transferable Emissions Permit

A market-based instrument that allows the holder the right to emit a certain amount of pollutants, which can be traded with other emitters for flexibility in regulatory compliance.

Emissions

The release of gases or other substances into the environment, often associated with industrial processes, transportation, and other sources of pollution.