Beach Boards Reports Dividends Per Share of $1

question 83

Multiple Choice

Beach Boards reports dividends per share of $1.40 and net income for the year of $150,000.Dividend yield is 3.5%.What is Beach Boards' current stock price?

• A)$23.82
• B)$15.00
• C)$35.00
• D)$40.00

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Definitions:

Bipedal Nature

Referring to the characteristic of using two legs for walking, standing, and running, typical of humans and some other species.

Innate Behaviors

Instinctive actions and reactions that organisms are born with, not learned through experience, such as reflexes or fixed-action patterns.

Haplodiploidy

A mechanism through which sex is determined by the number of copies of each chromosome that an individual receives. Offspring formed from the fertilization of an egg by a sperm (that is, diploids) are female; those formed from unfertilized eggs (that is, haploids) are male.

Eusocial Behavior

The highest level of social organization, characterized by cooperative brood care, division of labor, and overlapping generations within a colony of animals.