Pittsburgh Ecological Technology (PET)has been growing at a constant 4 percent rate for more than 10 years, and this growth is epxected to continue forever. Last year PET paid a dividend equal to $2.50 per share. If dividends grow at the same rate as the company's growth rate, what should be the per share dividend that PET pays this year?
A. $2.50
B. $2.40
C. $3.00
D. $3.50
E. $2.60
Answer: E
You might also like to view...
The activity, set of institutions, and processes for creating, capturing, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large is called
A. market segmentation. B. market positioning. C. marketing. D. market share analysis. E. marketing research.
Peterson, Inc. issued 4,000 shares of preferred stock for $240,000. The stock has a par value of $60 per share. The journal entry to record this transaction would ________
A) credit Cash $240,000, debit Preferred Stock-$60 Par Value $4,000, and debit Paid-In Capital in Excess of Par-Preferred $236,000 B) debit Cash $240,000, credit Preferred Stock-$60 Par Value $4,000, and credit Paid-In Capital in Excess of Par-Preferred $236,000 C) credit Cash $240,000 and debit Preferred Stock-$60 Par Value $240,000 D) debit Cash $240,000 and credit Preferred Stock-$60 Par Value $240,000
If you administer the questionnaire by post, what steps would you take after data collection is complete and questionnaires are retrieved?
What will be an ideal response?
Prior to passage of the Clean Air Act, the Clean Water Act, and other regulatory statutes in the 1970s, the common law:
a. provided the most important protection for the environment b. provided a little protection for the environment, but most came from state statutes c. provided very little protection for the environment d. was regarded as useless because it was rarely enforced with regard to the environment e. led to a high number of suits against companies that polluted a lot