1. Last year, Wilderness Adventures paid an annual dividend of $3.40 per share. The firm recently announced that it will increase its dividend by a constant 11.0 percent annually. What is one share of this stock worth today at a required rate of 17.2 percent?
$62.08
$61.96
$60.38
$60.87
2. Determining how the company will fund its operations is called the? _______ decision. (Choose the correct? answer.)
A. equity B. investment C. dividend D. capital structure