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21) A stock's current price is $40. Its dividend grows by 4.2% per year and the dividend yield is equal to 2.9%. Find the dividend
21) A stock's current price is $40. Its dividend grows by 4.2% per year and the dividend yield is equal to 2.9%. Find the dividend amount that was just paid? A) $1.16 B) $1.11 C) $.97 D) $1.04 E) $1.06 22) A firm's earnings per share is expected to be $4.10. The industry benchmark for PE is 19.1 imes. Estimate the stock price for this company? A) $23.20 B) $62.45 C) $44.72 D) $46.59 E) $78.31
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