1. Assume on a given day in March, the Dow Jones Industrial Average reached a new low at a close of 7,947.75, which was down 84.55 that day.

What was the return (in percent) of the stock market that day? (Negative answer should be indicated by a minus sign. Round your answer to 2 decimal places.)

Return of stock market %

2.You would like to sell 190 shares of Echo Global Logistics, Inc. (ECHO). The current ask and bid quotes are $15.38 and $15.33, respectively. You place a limit sell order at $15.37.

If the trade executes, how much money do you receive from the buyer? (Round your answer to 2 decimal places.) Money Received=

3. A preferred stock from Hecla Mining Co. (HLPRB) pays $4.40 in annual dividends.

If the required return on the preferred stock is 7.40 percent, what is the value of the stock? (Round your answer to 2 decimal places.) Value of Stock=

4. A firm does not pay a dividend. It is expected to pay its first dividend of $0.18 per share in three years. This dividend will grow at 12 percent indefinitely. Use a 13 percent discount rate.

Compute the value of this stock. (Round your answer to 2 decimal places.) stock value=

5.

New York Times Co. (NYT) recently earned a profit of $2.71 per share and has a P/E ratio of 19.95. The dividend has been growing at a 7.25 percent rate over the past six years.

If this growth rate continues, what would be the stock price in four years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 22 in four years? (Round your answers to 2 decimal places.)

Stock price=

stock price with new p/e=

6. Consider a firm that had been priced using a 12 percent growth rate and a 14 percent required return. The firm recently paid a $1.55 dividend. The firm just announced that because of a new joint venture, it will likely grow at a 12.5 percent rate.

How much should the stock price change (in dollars and percentage)? (Round your answers to 2 decimal places.)

Change in stock price=

change in stock percent=

7. A fast-growing firm recently paid a dividend of $0.90 per share. The dividend is expected to increase at a 20 percent rate for the next four years. Afterwards, a more stable 13 percent growth rate can be assumed.

If a 14.5 percent discount rate is appropriate for this stock, what is its value? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Stock value=

Suppose that a firm