0/1 Question 4 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Crane Corp. paid a dividend of $2.36 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Crane require a rate of return of 17 percent, what should be the market price of Crane stock? (Round dividend to 3 decimal places, eg, 3.756 and round final answer to 2 decimal places, eg. 15.25.) Market price $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer Tue, Jun 23, 2020, 6:44:55 PM (America/New York-04:00) Question 6 --/1 View Policies Current Attempt in Progress Each quarter, Ivanhoe, Inc., pays a dividend on its perpetual preferred stock. Today the stock is selling at $65.00. If the required rate of return for such stocks is 16.00 percent, what is the quarterly dividend paid by this Ivanhoe? (Round answer to 2 decimal places, e.g. 15.25.) Quarterly dividend paid $ Save for Later Attempts: 0 of 3 used Submit Answer Your grade has been recorded in the Gradebook Tue, Jun 23, 2020, 6:44:55 PM (America/New York-04:00) Question 8 --/1 View Policies Current Attempt in Progress The required rate of return is 24.75 percent. Cullumber Corp. has just paid a dividend of $3.12 and is expected to increase its dividend at a constant rate of 6.50 percent. What is the expected price of the stock three years from now? (Round answer to 2 decimal places, eg. 15.20.) Expected price $ Save for Later Attempts: 0 of 3 used Submit Answer Your grade has been recorded in the Gradebook Tue, Jun 23, 2020, 6:44:55 PM (America/New York-04:00) Question 9 0/1 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Sandhill Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 6 percent. If the required rate of return is 16.00 percent, what is the current value of the stock? (Round all intermediate calculations and final answer to 2 decimal places, e.g. 15.20.) - Current value $ e Textbook and Media Save for Later Attempts: 1 of 3 used Submit