Wayne Enterprises Inc pays a regular annual dividend on its common shares which is expected to grow annually in perpetuity at the rate of 3%. Today is Dec 31 and Wayne pays its dividend on January 1 (tomorrow). Last year, the dividend was $0
75 per share. Ignoring settlement, taxes and other institutional issues, what is a fair price for the stock today if investors expect an annual return of 9%?
A) $12.88
B) $13.26
C) $13.41
D) $13.63
E) $14.03
E
Business
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A(n) ________ is the patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter
A. design patent B. utility patent C. plant patent D. copyright
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Use the information in Table 13.6. Assume that two plants, rather than one, are to be located. Plant 1 serves distribution centers A, B, and C. Plant 2 serves distribution centers D and E. What is the center of gravity for plant 1?
A) x > 4, y > 7 B) x > 4, y < 7 C) x < 4, y > 7 D) x < 4, y < 7
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