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________ 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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