Patch software is expected to pay its first

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Patch Software is expected to pay its first dividend in exactly one year of $0.25 per share. The growth rate in dividends is expected to be 4.5% and Patch's shareholders require 13.8%. The stock price is closest to:

a. $2.42.

b. $2.69.

c. $2.84.

d. $3.11.

Which of the following best describes the usefulness of the Dow theory in technical analysis?

a. It can be used to develop a discount rate to reflect market conditions and risk.

b. It determines the end of a bull or bear market.

c. It combines elements of fundamental analysis with charting techniques used in technical analysis.

d. It smooths out minor short-term variations in price changes.

Reference no: EM132393566

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