Extruded Elements Extruded Elements Had Net Income of $25,000,000 Last Year, and Year

question 14

Multiple Choice

Extruded Elements
Extruded Elements had Net Income of $25,000,000 last year, and $26,250,000 this year (in line with its long-term earnings growth rate) . There are 4,000,000 shares outstanding, and the firm follows a policy of paying 30% of its earnings out as dividends
-What is Extruded Elements' expected dividend next year?

• A) $2.07 per share
• B) $1.97 per share
• C) $4.59 per share
• D) $4.82 per share

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Definitions:

Prophase

The first stage of cell division in both mitosis and meiosis, characterized by the condensing of chromatin into visible chromosomes and the beginning of spindle formation.

Metaphase

The stage of mitosis in which the chromosomes line up on the midplane of the cell (metaphase plate). Occurs after prometaphase and before anaphase.

Cytokinesis

The process in cell division during which the cytoplasm of a single eukaryotic cell is divided to form two daughter cells.

Actin

A protein that forms microfilaments and is involved in various cellular processes, including muscle contraction and cell movement.