Question
27) Gee-Gee common stock returned a nifty 22.93 percent rate of return last year. The dividend amount was $1.88 a share which equated to a
27) Gee-Gee common stock returned a nifty 22.93 percent rate of return last year. The dividend amount was $1.88 a share which equated to a dividend yield of 2.23 percent. What was the rate of price appreciation for the year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
29) Dee's made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $2.29 a share. Secondly, all dividends after that will decrease by 1.33 percent annually. What is the value of this stock at a discount rate of 12.5 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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