公司理财精要第七章题库

公司理财精要第七章题库Chapter07-EquityMarketsandStockValuation7-PAGE1Chapter07EquityMarketsandStockValuation MultipleChoiceQuestions 1. Whatisthenamegiventothemodelthatcomputesthepresentvalueofastockbydividingnextyear'sannualdividendamountbythedifferencebetweenthediscountrateandtherateofchangeintheannualdividendamount? A. StockpricingmodelB. EquitypricingmodelC. CapitalgainmodelD. DividendgrowthmodelE. Presentvaluemodel 2. Thedividendyieldisdefinedas: A. thecurrentannualcashdividenddividedbythecurrentmarketpricepershare.B. thecurrentannualcashdividenddividedbythecurrentbookvaluepershare.C. nextyear'sexpectedcashdividenddividedbythecurrentmarketpricepershare.D. nextyear'sexpectedcashdividenddividedbythecurrentbookvaluepershare.E. nextyear'sexpectedcashdividenddividedbynextyear'sexpectedmarketpricepershare. 3. Thecapitalgainsyieldequalswhichoneofthefollowing? A. TotalyieldB. CurrentdiscountrateC. MarketrateofreturnD. DividendyieldE. Dividendgrowthrate 4. Whichoneofthefollowingtypesofsecuritieshasnopriorityinabankruptcyproceeding? A. ConvertiblebondB. SeniordebtC. CommonstockD. PreferredstockE. Straightbond 5. Maryowns100sharesofstock.Eachshareentitleshertoonevoteperopenseatontheboardofdirectors.Assumethereare3openseatsinthecurrentelectionandMarycastsall300ofhervotesforasinglecandidate.Whatisthetermusedtodescribethistypeofvoting? A. ProxyB. AggregateC. CumulativeD. StraightE. Condensed 6. Therearetwoopenseatsontheboardofdirectors.Iftwoseparatevotesoccurtoelectthenewdirectors,thefirmisusingatypeofvotingthatisbestdescribedas_____voting. A. simultaneousB. straightC. proxyD. cumulativeE. sequential 7. Katecouldnotattendthelastshareholdersmeetingandthusshegrantedtheauthoritytovoteonherbehalftothemanagersofthefirm.WhichoneofthefollowingtermsisusedtodescribethemethodbywhichKate'sshareswerevoted? A. StraightB. CumulativeC. Consent-formD. ProxyE. Inabsentia 8. Dividendsarebestdefinedas: A. cashpaymentstoshareholders.B. cashpaymentstoeitherbondholdersorshareholders.C. cashorstockpaymentstoshareholders.D. cashorstockpaymentstoeitherbondholdersorshareholders.E. distributionsofstocktocurrentshareholders. 9. Whichoneofthefollowinggenerallypaysafixeddividend,receivesfirstpriorityindividendpayment,andmaintainstherighttoadividendpayment,evenifthatpaymentisdeferred? A. CumulativecommonB. NoncumulativecommonC. NoncumulativepreferredD. CumulativepreferredE. Seniorcommon 10. Newlyissuedsecuritiesaresoldtoinvestorsinwhichoneofthefollowingmarkets? A. ProxyB. StatedvalueC. InsideD. SecondaryE. Primary 11. Whatisthemarketcalledthatallowsshareholderstoreselltheirsharestootherinvestors? A. PrimaryB. ProxyC. SecondaryD. InsideE. Initial 12. Anagentwhobuysandsellssecuritiesfrominventoryiscalleda: A. floortrader.B. dealer.C. commissionbroker.D. broker.E. floorbroker. 13. Abrokerisanagentwho: A. tradesonthefloorofanexchangeforhimselforherself.B. buysandsellsfrominventory.C. offersnewsecuritiesforsaletodealersonly.D. whoisreadytobuyorsellatanytime.E. bringsbuyersandsellerstogether. 14. AnypersonwhoownsalicensetotradeontheNYSEiscalleda: A. dealer.B. floortrader.C. specialist.D. member.E. proxy. 15. ApersonwhoexecutescustomerorderstobuyandsellsecuritiesontheflooroftheNYSEiscalleda: A. floortrader.B. specialist.C. runner.D. commissionbroker.E. marketmaker. 16. Aspecialistisa(n): A. employeewhoexecutesorderstobuyandsellforclientsofhisorherbrokeragefirm.B. individualwhotradesonthefloorofanexchangeforhisorherpersonalaccount.C. NYSEmemberwhofunctionsasadealerforalimitednumberofsecurities.D. brokerwhobuysandsellssecuritiesfromamarketmaker.E. traderwhoonlydealswithprimaryofferings. 17. Anindividualwhoexecutesbuyandsellordersonthefloorofanexchangeforafeeiscalleda: A. floorbroker.B. specialist.C. floortrader.D. proxy.E. flowspecialist. 18. TheelectronicsystemthattransmitsbuyandsellordersdirectlytoaspecialistontheflooroftheNYSEiscalled: A. NASDAQ.B. SuperDOT.C. TICKER.D. ECN.E. ORDFLOW. 19. TheownerofatradinglicensewhotradesontheflooroftheNYSEforhisorherpersonalaccountiscalleda(n): A. specialist.B. independentbroker.C. floortrader.D. stand-aloneagent.E. dealer. 20. Thestreamofcustomerinstructionstobuyandsellsecuritiesiscalledthe: A. orderflow.B. marketmaker.C. executionstream.D. operationsflow.E. buyer'sstream. 21. Thespecificlocationonthefloorofanexchangewhereaparticularsecurityistradediscalleda: A. boxoffice.B. figure6.C. specialist'spost.D. tradingbooth.E. seat. 22. Insidequotesaredefinedasthe: A. bidandaskedpricespresentedbyNYSEspecialists.B. lastbidandaskedpriceofferedpriortothemarketclose.C. lowestaskedandhighestbidoffers.D. dailyopeningbidandaskedquotes.E. lasttradedbidandaskedprices. 23. WhichoneofthefollowingisawebsitethatenablesLestertosellhissharesofABCstockdirectlytoMarti? A. SuperDOTB. POSTC. ECND. SEATE. eNET 24. Whichoneofthefollowingwillincreasethecurrentvalueofastock? A. DecreaseinthedividendgrowthrateB. IncreaseintherequiredreturnC. IncreaseinthemarketrateofreturnD. DecreaseintheexpecteddividendfornextyearE. Increaseinthecapitalgainsyield 25. Thepriceofastockatyear4canbeexpressedas: A. D0/(R+G4).B. D0(1+R)5.C. D1(1+R)5.D. D4/(R-g).E. D5/(R-g). 26. Delfino'sexpectstopayanannualdividendof$1.50persharenextyear.Whatistheanticipateddividendforyear5ifthefirmincreasesitsdividendby2percentannually? A. $1.50(1.02)1B. $1.50(1.02)2C. $1.50(1.02)3D. $1.50(1.02)4E. $1.50(1.02)5 27. Therequiredreturnonastockisequaltowhichoneofthefollowingifthedividendonthestockdecreasesby1percentperyear? A. (P0/D1)-gB. (D1/P0)/gC. Dividendyield+capitalgainsyieldD. Dividendyield-capitalgainsyieldE. Dividendyieldcapitalgainsyield 28. DonutsDelitejustpaidanannualdividendof$1.10ashare.Thefirmexpectstoincreasethisdividendby8percentperyearthefollowing3yearsandthendecreasethedividendgrowthto2percentannuallythereafter.Whichoneofthefollowingisthecorrectcomputationofthedividendforyear7? A. ($1.10)(1.083)(1.024)B. ($1.10)(1.083)(1.023)C. ($1.10)(1.08)3(1.02)4D. ($1.10)(1.08)3(1.02)3E. ($1.10)(1.08)3(1.02)2 29. Aardvark,Inc.paysaconstantannualdividend.AttheendoftradingonWednesday,thepriceofitsstockwas$28.Attheendoftradingonthefollowingday,thestockpricewas$27.Asaresultofthedeclineinthestock'sprice,thedividendyield_____whilethecapitalgainsyield_____. A. remainedconstant;remainedconstantB. increased;remainedconstantC. increased;increasedD. decreased;remainedconstantE. decreased;decreased 30. Whichoneofthefollowingmustequalzeroifafirmpaysaconstantannualdividend? A. DividendyieldB. CapitalgainsyieldC. TotalreturnD. MarketvaluepershareE. Bookvaluepershare 31. Thedividendgrowthmodelcanbeusedtovaluethestockoffirmswhichpaywhichtypeofdividends?I.constantannualdividendII.annualdividendwithaconstantincreasingrateofgrowthIII.annualdividendwithaconstantdecreasingrateofgrowthIV.zerodividend A. IonlyB. IIonlyC. IIandIIIonlyD. I,II,andIIIonlyE. I,II,III,andIV 32. Kateownsastockwithamarketpriceof$31pershare.Thisstockpaysaconstantannualdividendof$0.60pershare.Ifthepriceofthestocksuddenlyincreasesto$36ashare,youwouldexpectthe:I.dividendyieldtoincrease.II.dividendyieldtodecrease.III.capitalgainsyieldtoincrease.IV.capitalgainsyieldtodecrease. A. IonlyB. IIonlyC. IIIonlyD. IandIIIonlyE. IIandIVonly 33. Computingthepresentvalueofagrowingperpetuityismostsimilartocomputingthecurrentvalueofwhichoneofthefollowing? A. Non-dividend-payingstockB. StockwithaconstantdividendC. StockwithirregulardividendsD. StockwithaconstantgrowthdividendE. Stockwithgrowingdividendsforalimitedperiodoftime 34. JensenShippinghasfouropenseatsonitsboardofdirectors.Howmanyshareswillashareholderneedtocontroltoensurethathisorhercandidateiselectedtotheboardgiventhefactthatthefirmusesstraightvoting?Assumeoneshareequalsonevote. A. 20percentofthesharesplusonevoteB. 25percentofthesharesplusonevoteC. 1/3ofthesharesplusonevoteD. 50percentofthesharesplusonevoteE. 51percentofthesharesplusonevote 35. Gleason,Inc.electsitsboardofdirectorsonastaggeredbasisusingcumulativevoting.Thisimpliesthat: A. iftherearetwoopenseats,thenthecandidatewiththehighestnumberofvotesandthecandidatewiththelowestnumberofvoteswillbeselected.B. thecandidatesfortheopenseatsarevotedforinindividualelections.C. allopenpositionsarefilledwithoneroundofvoting,assumingtherearenotievotes.D. shareholderscanaccumulatetheirvotesovermultipleyearsandcastallthosevotesinoneelection.E. thefirm'sentireboardofdirectorsiselectedannuallyinonecombinedelection. 36. Whichoneofthefollowingstatementsiscorrect? A. Fromalegalperspective,preferredstockisaformofcorporateequity.B. Allclassesofstockmusthaveequalvotingrightspershare.C. Commonshareholderselectthecorporatedirectorswhilethepreferredshareholdersvoteonmergersandacquisitions.D. Dividendsaretax-freeincomeforindividualinvestors.E. Shareholdersprefernoncumulativedividendsovercumulativedividends. 37. Whichoneofthefollowingstatementsiscorrect? A. Bothpreferredstockandcorporatebondscanbecallable.B. Bothpreferredstockandcorporatebondshaveastatedliquidationvalueof$1,000each.C. Interestpaymentstobondholdersaswellasdividendpaymentstopreferredshareholdersaretaxdeductibleexpensesfortheissuingfirm.D. Bondholdersgenerallyreceiveafixedpaymentwhilepreferredshareholdersreceiveavariablepayment.E. Preferredshareholdersreceivepreferentialtreatmentoverbondholdersinaliquidation. 38. Ifshareholdersaregrantedapreemptiverighttheywill: A. begiventhechoiceofreceivingdividendseitherincashorinadditionalsharesofstock.B. bepaiddividendspriortothepreferredshareholdersduringthepreemptiveperiod.C. beentitledtotwovotespershareofstock.D. beabletochoosethetimingandamountofanyfuturedividends.E. havepriorityinthepurchaseofanynewlyissuedshares. 39. Onwhichoneofthefollowingdatesdodividendsbecomealiabilityoftheissuerforaccountingpurposes? A. FirstdayofthefiscalyearinwhichthedividendisexpectedtobepaidB. TwelvemonthspriortotheexpecteddividendpaymentdateC. OnthedeclarationdateD. OnthedateofrecordE. Onthedateofpayment 40. Dividendsarewhichoneofthefollowing? A. Payableatthediscretionofafirm'spresidentB. Treatedasatax-deductibleexpensetothepayingfirmC. PaidoutofaftertaxprofitsD. PaidtoholdersofrecordasofthedeclarationdateE. Onlypartiallytaxabletohigh-incomeindividualshareholders 41. Youhaveagreedtopayafivepercentcommissiontoyourbestfriendifhecanlocateabuyerforyourcar.Thisarrangementismostsimilartothecompensationarrangementforwhichoneoftheseindividualswhoisinvolvedwiththestockmarket? A. SpecialistB. FloortraderC. MarketmakerD. CommissionbrokerE. Dealer 42. TobeamemberoftheNYSE,youmust: A. beaprimarydealer.B. buyaseat.C. ownatradinglicense.D. beregisteredasafloortrader.E. beaspecialist. 43. WhichoneofthefollowingplayersontheflooroftheNYSEisobligatedtomaintainafair,orderlymarketforalimitednumberofsecurities? A. SpecialistB. FloortraderC. $2brokerD. CommissionbrokerE. Floorbroker 44. TheNYSE: A. presentlyconductsallofitstradingthroughSuperDOT.B. isadealermarket.C. isinthebusinessofattractingorderflow.D. issolelyaprimarymarket.E. isbasedonamultiplemarketmakersystem. 45. WhichoneofthefollowingpartiesontheNYSEfloorpostbidandaskedprices? A. FloortradersB. SpecialistsC. FloorbrokersD. CommissionbrokersE. Feebrokers 46. ManyofthesmallersellorderssenttotheflooroftheNYSEare: A. handledbythefloortraders.B. purchasedbythecommissionbrokers.C. electronicallytransmittedtothespecialists.D. executedonanECN.E. executedintheprimarymarket. 47. Ifatradeismade"inthecrowd",thetradehasoccurred: A. betweenabrokerandaspecialist.B. betweentwobrokers.C. electronicallyonNASDAQ.D. onSuperDOT.E. onanECN. 48. ThemoreactivelytradedlargecompaniesthatarelistedonNASDAQaretradedinwhichoneoftheNASDAQmarkets? A. NationalB. CapitalC. RegionalD. GlobalSelectE. Global 49. WhichoneofthefollowingfeaturesappliestoNASDAQbutnottheNYSE? A. TradinginthecrowdB. MultiplemarketmakersystemC. SuperDotD. BrokermarketE. Physicaltradingfloor 50. CompaniescanlisttheirstockonwhichoneofthefollowingwithouthavingtomeetlistingrequirementsorfilingfinancialstatementswiththeSEC? A. NASDAQCapitalMarketB. Over-the-CounterBulletinBoardC. PinksheetsD. NASDAQGlobalMarketE. NYSE 51. KellerMetalscommonstockissellingfor$36ashareandhasadividendyieldof3.2percent.Whatisthedividendamount? A. $0.32B. $1.15C. $3.49D. $11.25E. $11.52 52. TheGlassCeilingpaidanannualdividendof$2.20persharelastyear.Managementjustannouncedthatfuturedividendswillincreaseby2.8percentannually.Whatistheamountoftheexpecteddividendinyear5? A. $2.39B. $2.41C. $2.46D. $2.53E. $2.58 53. ThePancakeHousepaysaconstantannualdividendof$1.25pershare.Howmuchareyouwillingtopayforoneshareifyourequirea15percentrateofreturn? A. $7.86B. $8.33C. $10.87D. $11.04E. $11.38 54. ShorelineFoodspaysaconstantannualdividendof$1.60ashareandcurrentlysellsfor$28.50ashare.Whatistherateofreturn? A. 4.56percentB. 5.39percentC. 5.61percentD. 6.63percentE. 6.91percent 55. ThecommonstockofGreenGardenFlowersissellingfor$24ashare.Thecompanypaysaconstantannualdividendandhasatotalreturnof3.8percent.Whatistheamountofthedividend? A. $0.38B. $0.76C. $0.91D. $1.38E. $1.54 56. HealthyFoodsjustpaiditsannualdividendof$1.45ashare.Thefirmrecentlyannouncedthatallfuturedividendswillbeincreasedby2.8percentannually.Whatisoneshareofthisstockworthtoyouifyourequirea14percentrateofreturn? A. $12.56B. $12.95C. $13.31D. $13.68E. $14.07 57. Plastics,Inc.willpayanannualdividendof$1.85nextyear.Thecompanyjustannouncedthatfuturedividendswillbeincreasingby2.25percentannually.Howmuchareyouwillingtopayforoneshareofthisstockifyourequirea16percentreturn? A. $13.45B. $13.61C. $13.76D. $14.02E. $14.45 58. ThePrintingCompanystockissellingfor$32.60asharebasedona14percentrateofreturn.Whatistheamountofthenextannualdividendifthedividendsareincreasingby2.5percentannually? A. $3.48B. $3.52C. $3.57D. $3.66E. $3.75 59. ThecommonstockofMid-TowneMoversissellingfor$33ashareandhasa9percentrateofreturn.Thegrowthrateofthedividendsis1percentannually.Whatistheamountofthenextannualdividend? A. $2.58B. $2.61C. $2.64D. $2.67E. $2.70 60. Delphin'sMarinaisexpectedtopayanannualdividendof$0.58nextyear.Thestockissellingfor$8.53ashareandhasatotalreturnof12percent.Whatisthedividendgrowthrate? A. 3.82percentB. 4.03percentC. 4.28percentD. 5.20percentE. 5.49percent 61. KlausToysjustpaiditsannualdividendof$1.40.Therequiredreturnis16percentandthedividendgrowthrateis2percent.Whatistheexpectedvalueofthisstockfiveyearsfromnow? A. $11.04B. $11.26C. $11.67D. $12.41E. $12.58 62. Thismorning,youpurchasedastockthatwillpayanannualdividendof$1.90persharenextyear.Yourequirea12percentrateofreturnandtheannualdividendincreasesat3.5percentannually.Whatwillyourcapitalgainbeonthisstockifyousellitthreeyearsfromnow? A. $2.43B. $2.51C. $2.63D. $2.87E. $2.92 63. BlackwellInkislosingsignificantmarketshareandthusitsmanagershavedecidedtodecreasethefirm'sannualdividend.Thelastannualdividendwas$0.90asharebutallfuturedividendswillbedecreasedby5percentannually.Whatisashareofthisstockworthtodayatarequiredreturnof15percent? A. $4.07B. $4.28C. $4.49D. $4.72E. $4.95 64. LameyHeadstonesincreasesitsannualdividendby1.5percentannually.Thestocksellsfor$28.40ashareatarequiredreturnof14percent.Whatistheamountofthelastdividendthiscompanypaid? A. $3.50B. $3.55C. $3.60D. $3.65E. $3.70 65. ThecommonstockofTastyTreatsisvaluedat$10.80ashare.Thecompanyincreasesitsdividendby8percentannuallyandexpectsitsnextdividendtobe$0.20pershare.Whatisthetotalrateofreturnonthisstock? A. 8.64percentB. 9.12percentC. 9.40percentD. 9.85percentE. 10.64percent 66. RiverRock,Inc.justpaidanannualdividendof$2.80.Thecompanyhasincreaseditsdividendby2.5percentayearforthepasttenyearsandexpectstocontinuedoingso.Whatwillashareofthisstockbeworthsixyearsfromnowiftherequiredreturnis16percent? A. $23.60B. $24.65C. $25.08D. $25.50E. $26.90 67. TheCartWheelplanstopayanannualdividendof$1.20persharenextyear,$1.00pershareayearforthefollowingtwoyears,andthenceasepayingdividendsaltogether.Howmuchisoneshareofthisstockworthtoyoutodayifyourequirea17percentrateofreturn? A. $2.38B. $2.43C. $2.56D. $2.60E. $2.64 68. AtlasHomeSupplyhaspaidaconstantannualdividendof$2.40ashareforthepast15years.Yesterday,thefirmannouncedthedividendwillincreasenextyearby10percentandwillstayatthelevelthroughyearthree,afterwhichtimethedividendswillincreaseby2percentannually.Therequiredreturnonthisstockis12percent.Whatisthecurrentvaluepershare? A. $25.51B. $26.08C. $24.57D. $26.02E. $26.84 69. AutoTransmissionsisexpectedtopayannualdividendsof$1.90and$2.10overthenexttwoyears,respectively.Afterthat,thecompanyexpectstopayaconstantdividendof$2.30ashare.Whatisthevalueofthisstockatarequiredreturnof15percent? A. $13.67B. $14.21C. $14.83D. $15.08E. $15.60 70. GeneralImportersannouncedtodaythatitsnextannualdividendwillbe$2.60pershare.Afterthatdividendispaid,thecompanyexpectstoencountersomefinancialdifficultiesandisgoingtosuspenddividendsfor5years.Followingthesuspensionperiod,thecompanyexpectstopayaconstantannualdividendof$1.30pershare.Whatisthecurrentvalueofthisstockiftherequiredreturnis18percent? A. $3.01B. $3.55C. $3.89D. $4.27E. $4.88 71. BusinessServices,Inc.isexpectedtopayitsfirstannualdividendof$0.80persharethreeyearsfromnow.Startinginyearsix,thecompanyisexpectedtostartincreasingthedividendby2percentperyear.Whatisthevalueofthisstocktodayatarequiredreturnof12percent? A. $6.16B. $6.47C. $6.63D. $7.22E. $7.47 72. NewGadgetsisgrowingataveryfastpace.Asaresult,thecompanyexpectstopayannualdividendsof$0.55,0.80,and$1.10pershareoverthenextthreeyears,respectively.Afterthat,thedividendisprojectedtoincreaseby5percentannually.Thelastannualdividendthefirmpaidwas$0.40ashare.Whatisthecurrentvalueofthisstockiftherequiredreturnis16percent? A. $8.50B. $9.67C. $10.46D. $12.23E. $12.49 73. TheMarketPlacerecentlyannouncedthatitwillpayitsfirstannualdividendtwoyearsfromtoday.Thefirstdividendwillbe$0.50asharewiththatamountdoublingeachyearforthefollowingtwoyears.Afterthat,thedividendisexpectedtoincreaseby4percentannually.Whatisthevalueofthisstocktodayiftherequiredreturnis15percent? A. $11.68B. $12.47C. $12.99D. $14.02E. $14.94 74. Afirmexpectstoincreaseitsannualdividendby20percentperyearforthenexttwoyearsandby15percentperyearforthefollowingtwoyears.Afterthat,thecompanyplanstopayaconstantannualdividendof$3ashare.Thelastdividendpaidwas$1.00ashare.Whatisthecurrentvalueofthisstockiftherequiredrateofreturnis12percent? A. $17.71B. $18.97C. $20.50D. $21.08E. $21.69 75. TheBorderCrossingjustpaidanannualdividendof$4.20pershareandisexpectedtopayannualdividendsof$4.40and$4.50persharethenexttwoyears,respectively.Afterthat,thefirmexpectstomaintainaconstantdividendgrowthrateof2percentperyear.Whatisthevalueofthisstocktodayiftherequiredreturnis14percent? A. $30.04B. $32.18C. $33.33D. $35.80E. $36.75 76. Astockhasamarketpriceof$46.10andpaysa$2.40annualdividend.Whatisthedividendyield? A. 4.13percentB. 4.84percentC. 5.21percentD. 5.52percentE. 5.78percent 77. TherequiredreturnonMountainMeadowstockis14percentandthedividendgrowthrateis3.5percent.Thestockiscurrentlysellingfor$11.80ashare.Whatisthedividendyield? A. 7.50percentB. 8.00percentC. 9.75percentD. 10.50percentE. 12.50percent 78. Forthepastsixyears,thepriceofSlateRockstockhasbeenincreasingatarateof8.6percentayear.Currently,thestockispricedat$47ashareandhasarequiredreturnof14percent.Whatisthedividendyield? A. 1.20percentB. 2.87percentC. 3.39percentD. 4.28percentE. 5.40percent 79. Astockhaspaiddividendsof$1.80,$1.85,$2.00,$2.20,and$2.25overthepastfiveyears,respectively.Whatistheaveragecapitalgainsyield? A. 2.80percentB. 3.24percentC. 4.45percentD. 5.34percentE. 5.79percent 80. TheToyBoxpaysanannualdividendof$2.40pershareandsellsfor$46.60asharebasedonamarketrateofreturnof15percent.Whatisthecapitalgainsyield? A. 7.35percentB. 7.78percentC. 9.23percentD. 9.85percentE. 10.11percent 81. Investorsreceiveatotalreturnof13.7percentonthecommonstockofDexterInternational.Thestockissellingfor$41.68ashare.Whatisthedividendgrowthrateifthecompanyplanstopayanannualdividendof$2.10asharenextyear? A. 7.42percentB. 8.66percentC. 10.75percentD. 11.60percentE. 13.70percent 82. WesternBeefstockisvaluedat$62.10ashare.Thecompanypaysaconstantannualdividendof$4.40pershare.Whatisthetotalreturnonthisstock? A. 6.62percentB. 6.81percentC. 7