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Question
Pittsburgh Ecological Technology (PET) has been growing at a constant 4 percent rate for more than 10 years, and this growth is epxected to continue forever. Last year PET paid a dividend equal to $2.50 per share. If dividends grow at the same rate as the company's growth rate, what should be the per share dividend that PET pays this year?
a. $2.50
b. $2.40
c. $3.00
d. $3.50
e. $2.60
Answer
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Related questions
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a. Agreement to increase banks' capital (owners' equity) requirements in an effort to reduce the risk that mega bank failures will cause future financial crises
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Q:
Which of the following is true about financial institutions in the United States compared to those in other countries?
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Q:
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a. True
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a. True
b. False
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b. False
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Q:
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c. Firms with relatively high debt ratios have higher expected returns when business is bad.
d. Firms with relatively high debt ratios have higher expected returns when business is good.
e. Firms with relatively low debt ratios have higher expected returns when business is poor.