FIN5018120011 General Second Exam

Dashboard My courses FIN5018120011 General Second Exam
Started on Wednesclay,13 January 2021, 5:01 PM State Finished Completed on Wednesday, 13 January 2021, 6:32 PM Time taken 1 hour 30 mins Grade 21.00 out of 25.00 (84%) Feedback
Question 1 Correct Mark 1.00 out 011.00
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A firm has experienced a constant annual rate of dividend growth of 9 percent on its common stock the paid dividends this year is $2.70. The firm can earn 12 percent on similar risk involvements. The value of the firm’s common stock is
Select one: a. $90/share b. $9/share c. $22.50/share d. $98.1/share V Correct
The correct answer is: $98.1/share
Question 2 Which of the following is typically a feature of common stock? Correct Mark 1.00 out Select one: of 1.00 a, Most common stocks are cumulative.
Question 3 Correct Mark 1.00 out of LOO
b. Most common stocks are callable.
c. Common stocks may or may not pay dividends. V Correct
d. Common stocks have a maturity value.
The correct answer is: Common stocks may or may not pay dividends.
Jennings, Inc. stock just paid fifty-cent annual dividend, which is expected to grow at a compound rate of 8 percent in the long run. If the market requires a 10 percent return, the stock should be currently fluctuating around what price?
Select one: a. $5 b. $27 V Correct
c. $58
d. $50
The correct answer is: $27
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