Blanton Consulting Inc just paid a $2.00 per share dividend. The firm also announced that it anticipates a long-run growth in dividends of 3% per year
Inflation is also expected to be 3% per year, and the firms required rate of return on common stock is 11%. What is the current price per share of the firm's stock?
A) $14.71
B) $14.29
C) $25.75
D) $25.00
C
Explanation: C) PV = (Div one)/(r-g) = $2*(1.03 )/(.11-.03 ) = $25.75.
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What is the name of the federal statute enacted in 1883 that created the civil service system for federal employees?
a. Sarbanes-Oxley Act b. Pendleton Act c. Line Item Veto Act d. Patient Protection and Affordable Care Act
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A) physical pointer B) retrieval program C) file organization D) update program
Consider the continuous random variable x, which has a uniform distribution over the interval from 20 to 28 . The variance of x is approximately _____
a. 2.309 b. 5.333 c. 32 d. .667