1. If the required rate of return is 5 percent and the stock pays a fixed $5 dividend, its value is

• A. $100
• B. $75
• C. $10
• D. $50

2.The P/E ratio is determined by

• A. The required rate of return.
• B. The expected dividend payout ratio.
• C. The expected growth rate of dividends.
• D. Choices a and b
• E. All of the above

3.