Question
1. Annual dividends of General Electric (GE) grew from $0.78 in 2001 to $1.15 in 2006. What was the annual growth rate? 2. Financial analysts
| 1. Annual dividends of General Electric (GE) grew from $0.78 in 2001 to $1.15 in 2006. What was the annual growth rate? 2. Financial analysts forecast Safeco Corp.s (SAF) growth rate for the future to be 12 percent. Safecos recent dividend was $1.50. What is the value of Safeco stock when the required return is 14 percent? 3. Paychex Inc. (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 10 percent rate. The current stock price is $61.71. What is the return shareholders are expecting? |
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
