19. Using Stock Quotes [LO3] You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of today's newspaper. What was the closing price for this stock that appeared in yesterday's paper? If the company currently has 25 million shares of stock outstanding, what was net income for the most recent four quarters? 52-WEEK LO 72.18 53.17 HI YLD % 2.1 PE STOCK (DIV) RJW 1.48 VOL 100s 17652 CLOSE NET CHG --23 19 ?? 20. Two-Stage Dividend Growth Model (LO1] Thirsty Cactus Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 28 percent for the next eight years and then level off to a 6 percent growth rate indefinitely. If the required return is 13 percent, what is the price of the stock today? 21. Two-Stage Dividend Growth Model [L01] Chartreuse County Choppers Inc. is experiencing rapid growth. The company expects dividends to grow at 25 percent per year for the next 11 years before leveling off at 6 percent into perpetuity. The required return on the company's stock is 12 percent. If the dividend per share just paid was $1.74, what is the stock price? 22. Capital Gains versus Income [L01] Consider four different stocks, all of which have a required return of 19 percent and a most recent dividend of $4.50 per share. Stocks W, X, and Y are expected to maintain constant growth rates in dividends for the foreseeable future of 10 percent, 0 percent, and -15 percent per year, respectively. Stock Z is a growth stock that will increase its dividend by 20 percent for the next two years and then maintain a constant 12 percent growth rate thereafter. What is the dividend yield for each of these four stocks? What is the expected capital gains yield? Discuss the relationship among the various returns that you find for each of these stocks