The Common Stock of JL Recyclers Has a Required Return

question 16

Multiple Choice

The common stock of JL Recyclers has a required return of 14 percent and a current value of $18.72. The company pays its dividend annually and increases the amount by 4 percent each year. You own 200 shares of this stock. What was the total amount of the last dividend you received?

• A) $319
• B) $360
• C) $462
• D) $480
• E) $513

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Definitions:

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often used when facing complex problems or incomplete information.

Algorithms

Step-by-step procedures or formulas for solving a problem or completing a task.

Dwellings

Places where people live, such as houses, apartments, and other residential structures.

Mental Set

A tendency to approach problems in a particular way, often based on past experiences, which may limit the ability to find solutions.