High performing teams are both internally focused and externally connected

Conforming to standards is the focus of the product-based definition of quality

Indicate whether the statement is true or false

Last month, Springfield Power Co announced that shareholders of record on this coming Friday will receive a dividend of $2.75 per share. (Assume that the dividend will also be paid on Friday)

After this Friday, the next dividend is expected in one year's time. Dividends are expected to be paid annually in perpetuity and are expected to grow at a rate of 5%. Shareholders of Springfield Power Co require a 12.5% return on equity. What is the stock price of Springfield Power on Tuesday? (Preceding the Friday Day of Record.) A) $32.00 B) $37.66 C) $41.25 D) $43.91 E) $46.25