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scott works for a regional brokerage firm. He estimates that Walkton Industries will increase its dividend by ( $ 1.50 ) a share during the
scott works for a regional brokerage firm. He estimates that Walkton Industries will increase its dividend by \\( \\$ 1.50 \\) a share during the next year. He realizes that this increase is contingent on pending legislation that would, if enacted, give Walkton a substantial tax break. The U.S. representative for Walkton's home district has told Scott that, although she is lobbying hard for the bill and prospects for passage look good. Congress's concern over the federal deficit could cause the tax bill to be voted down. Walkton has not made any statements regarding a change in dividend policy. Scott writes in his research report, "We expect Walkton's stock price to rise by at least \\( \\$ 8.00 \\) a share by the end of the year. Because the dividend will increase by \\( \\$ 1.50 \\) a share, the stock price gain will be fueled, in large part, by the increase in the dividend. Investors buying the stock at the current time should expect to realize a total return of at least 15 percent on the stock." Which of the follo
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