You are considering the purchase of common stock that just paid a dividend of $6.50 per share. Security analysts agree with top management in projecting steady growth of 12% in dividends and earnings over the foreseeable future
Your required rate of return for stocks of this type is 18%. How much should you expect to pay for this stock?
A) $86
B) $94
C) $108
D) $121
E) $242
Answer: D
Business
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Which of the following statements is true of transformational leadership ?
A. It's a process in which leaders and followers exchange efforts for specified rewards. B. It's an interactive process in which the leader tries to shift power to those who are being led. C. It helps raise the morality and motivation in the leader and follower. D. It communicates high expectations.
Business