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:

Discharged

Released from an obligation, duty, or debt; in employment, it can also mean being fired or let go from a job.

Modified

Altered or changed from the original form, structure, or condition.

Terminate

To bring to an end; in legal contexts, it often refers to ending a contract or employment.

Contract

An agreement between two or more parties that holds legal validity and can be enforced in a court of law.