Zeb Corporation Just Paid a Dividend of 3

question 50

Multiple Choice

Zeb Corporation just paid a dividend of 3.11 and has an expected growth rate of 12% for the foreseeable future,if the discount rate is 18% what is the appropriate stock price today?

• A) $58.05
• B) $51.83
• C) $57.87
• D) $55.06

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Definitions:

MCR Instruction

Master Control Reset, an instruction used in programming PLCs to control the execution of a block of logic or instructions between its start and end points.

Nonretentive Outputs

Output signals or data in a control system that do not maintain their state after a power cycle or reset.

Latch Instruction

One-half of an instruction pair (the second instruction of the pair being the unlatch instruction) that emulates the latching action of a latching relay. The latch instruction for a programmable logic controller energizes a specified output point or internal coil until it is de-energized by a corresponding unlatch instruction.