The Western State Company's common stock is expected to pay a $2.00 dividend in the coming
year. If investors require a 17% return and the growth rate in dividends is expected to be 8%, what
will the market price of the stock be?
A) $22.22 B) $11.76 C) $24.00 D) $23.11
A
Business
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JT purchases 1,000 shares of stock at $29 per share in January 2006. He sells the 1,000 shares in
January 2012 for $32 per share. What is his internal rate of return? A) 6.15% B) 5.61% C) 5.19% D) 1.65%
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