Protsky Inc

question 15

Multiple Choice

Protsky Inc. just paid a dividend of $2.20 per share. The dividend growth rate for Protsky's dividends is 3 percent per year. If the required rate of return on Protsky stock is 12 percent, the stock should be valued at $____ per share according to the dividend discount model.

• A)24.44
• B)25.18
• C)18.88
• D)75.53

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Definitions:

Extension of Time

An allowance by the IRS giving taxpayers extra time to file their tax returns beyond the original due date.

Married Filing Separately

A tax filing status that allows a married individual to file their taxes separately from their spouse.

Legally Married

The status of individuals who are united in a legal marriage recognized by their jurisdiction, affecting tax filing status.

D4 Follower

A term used in situational leadership to describe individuals who are highly competent and highly committed, requiring a delegating leadership style.