Use the Information for the Question(s)below

question 1

Multiple Choice

Use the information for the question(s) below.
The JRN Corporation will pay a constant dividend of $3 per share,per year,in perpetuity.Assume that all investors pay a 20% tax on dividends and that there is no capital gains tax.The cost of capital for investing in JRN stock is 12%.
-The price of a share of JRN's stock is closest to:

• A)$20.00.
• B)$24.00.
• C)$25.00.
• D)$18.00.

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Definitions:

Environmental Condition Indicator

A metric or measure used to assess the environmental performance or impact of an activity, product, or organization.

Management Performance Indicator

A metric used by organizations to evaluate the effectiveness and efficiency of managers in achieving business goals.

ISO14031

An international standard providing guidelines and suggestions for environmental performance evaluation within organizations.

Environmental Management Systems

Structured frameworks designed to help an organization manage its environmental responsibilities and improve environmental performance.