1.

Consider the prices and dividends for the following stock, what is the return of the stock if you sell it right after August 15, 2019. (Hint: Compute the annualized return)

Date	Price	Dividend
June 15, 2019	47.01
July 1, 2019	52.54	4.42
July 15, 2019	53.79	2.5
August 1, 2019	66.27
August 15, 2019	73.93	1.88

NOTE: Enter the PERCENTAGE number rounding to two decimals. If your decimal answer is 0.034576, your answer must be 3.46. DO NOT USE the % sign.

2. A stock is expected to pay $3.34 per share every year indefinitely. The current price of the stock is $34.81. The equity cost of capital for the company is 11.67%. What price would an investor be expected to pay per share 7 years into the future?.