Question
________ 19. Over the past five years, Westover Enterprises has paid increasing annual dividends of $.82,...
________ 19. Over the past five years, Westover Enterprises has paid increasing annual dividends of $.82, $.87,
$.95, $1.10, and $1.12 a share. What is the average dividend growth rate?
a. 7.87 percent b. 8.23 percent c. 8.70 percent d. 9.29 percent
________ 20. JJ’s has 84,000 shares of stock outstanding. Company sales for the year are $3.8 million and the profit
margin is 6 percent. What is the current value of the stock if the price-earnings ratio is 14.6?
ratio?
a. $32.84 b. $34.06 c. $39.63 d. $42.79
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