Target Corp

question 34

Multiple Choice

Target Corp. (TGT) paid a $0.21 dividend per share in 2000, which grew to $0.52 in 2017. This growth is expected to continue. What is the value of this stock at the beginning of 2017 when the required rate of return is 14.77 percent?

• A)$3.52
• B)$55.32
• C)$62.97
• D)$63.49

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Definitions:

Entire Contract

The complete and final agreement between the parties, often found in insurance policies, indicating that all agreements and terms are contained within the contract document.

Contractual Remedy

A legal solution designed to address a breach of contract, aiming to compensate the injured party.

Exclusive

Referring to rights, agreements, or deals that are restricted to the involved parties, preventing others from participation.

Special Property Interest

A legal term denoting a particular or exclusive right of use, control, or ownership over real or personal property.