The president of Good Fortunes, Inc., states at a press conference that the company has a 30-year history of ever-increasing dividend payments. Good Fortunes is widely regarded as one of the best-run firms in its industry. Does this make the firm's stock a good buy? a) Yes, because good company stock is the most profitable one b) No, since the company is stable and one of the best-run firms in its industry, it may not be a bargain
The president of Good Fortunes, Inc., states at a press conference that the company has a 30-year history of ever-increasing dividend payments. Good Fortunes is widely regarded as one of the best-run firms in its industry. Does this make the firm's stock a good buy? a) Yes, because good company stock is the most profitable one b) No, since the company is stable and one of the best-run firms in its industry, it may not be a bargain
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter16: Mastering Financial Management
Section: Chapter Questions
Problem 2DQ
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15.
The president of Good Fortunes, Inc., states at a press conference that the company has a 30-year history of ever-increasing dividend payments. Good Fortunes is widely regarded as one of the best-run firms in its industry. Does this make the firm's stock a good buy?
a) Yes, because good company stock is the most profitable one
b) No, since the company is stable and one of the best-run firms in its industry, it may not be a bargain
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