Junk bonds are a street name for ________ grade bonds.
A) investment
B) speculative
C) extremely speculative
D) speculative and investment
Question 2
A share of common stock has an expected long-run constant growth rate of 10 percent and is currently priced at 66 per share. If investors require 15 rate of return, what was the last dividend paid on the stock?
A) 2.20
B) 1.95
C) 6.15
D) 3.00
E) 3.30
