Version A 16. Bondholders A. True. B. False. have voting power while stockholders do not. 17. Which of the following is (are) true about dividends on common stock? I. Dividends are a tax deductible business expense for a corporation. IL. Dividends that have been declared but are not yet paid are liabilities of the corporation. III. Dividends received by both individuals and corporations are fully taxable. A. II only B. III only C. I and III only D. II and III only E. I, II, and IlI The following information applies to the next two problems.) Sansung Inc. just issued an annual dividend of S3 per share today. The dividends will grow at 10% in the first two years, and at 8% during the third year, and remain at this level with zero growth afterwards forever. Assume the annual discount rate for company B is 10%. 18. What are the future expected dividends for the next four years? A. Di-$3.00, D2 $3.30, Ds $3.63, D4-50 B. Di-$3.00, D2 $3.30, D $3.63, D $3.92 C. Dr-$3.30, D-$3.63, Di-$3.92, D4 S0 D. Di-$3.30, D2 $3.63, Di-$3.92, D-$3.92 E. Di-$3.30, D2-$3.63, Di-$3.92, D4 $4.23 19. What are the stock price at the end of year 2 and the stock price today? A. P-$39.20, Po $38.40 B. P-$39.20, Po $41.39 C. P-$196.00, Po $162.00 D. P2-$196.00, Po $167.98 E. P:-$41.39, Po $39.20