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3) The common stock of Up-Towne Movers sells for $33 a share, has a rate of return of 11.4 percent, and a dividend growth rate
3) The common stock of Up-Towne Movers sells for $33 a share, has a rate of return of 11.4 percent, and a dividend growth rate of 2 percent annually. What was the amount of next year annual dividend? A) $3.10 B) $2.14 C) $3.48 D) $2.22 E) $3.94 4) Dry Dock Marina is expected to pay an annual dividend of $1.58 next year. The stock is selling for $28.53 a share and has a total return of 9.48 percent. What is the dividend growth rate? A) 2.67 percent B) 3.88 percent C) 2.57 percent D) 2.28 percent E) 3.94 percent 5) Lamey Gardens has a dividend growth rate of 5.6 percent, a market price of $23.16 a share, and a required return of 14 percent. What is the amount of the last dividend this company paid? A) $1.58 B) $2.54 C) $1.84 D) $2.31 E) $1.79
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