Yesterday,Railway Tours Paid Its Annual Dividend of $1

question 35

Multiple Choice

Yesterday,Railway Tours paid its annual dividend of $1.20 per share.The company has been reducing the dividends by 10 percent each year.What is the value of this stock at a discount rate of 13 percent?

• A)$4.70
• B)$3.71
• C)$8.31
• D)$36.00
• E)$27.00

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Coined by Arjun Appadurai, referring to the global flow of ideas, ideologies, and images that shape political and ideological movements.

Arjun Appadurai

A contemporary social theorist particularly known for his work on globalization, focusing on the cultural dynamics of global economic and political changes.

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