30) Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends will be increasing by 1.3 percent annually. If you require a return of 14.6 percent, how much are you willing to pay to purchase one share of this stock today? 30) A) $10.68 B) $10.82 C) $9.68 D) $11.23 E) $11.57

31) Dee's made two announcements concerning its common stock today. First, the company announced that the next annual dividend will be $1.58 a share. Secondly, all dividends after that will decrease by 1.15 percent annually. What is the value of this stock at a discount rate of 15.5 percent? 31) A) $9.82 B) $10.51 C) $9.49 D) $11.01 E) $10.10 6 32) Yummy Bakery just paid an annual dividend of $3.40 a share and is expected to increase that amount by 2.2 percent per year. If you are planning to buy 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 14.8 percent at the time of your purchase?

32) A) $28.18 B) $27.20 C) $27.58 D) $29.89 E) $29.83 33) The common stock of Dayton Repair sells for $47.92 a share. The stock is expected to pay $2.28 per share next year when the annual dividend is distributed. The company increases its dividends by 1.65 percent annually. What is the market rate of return on this stock?

33) A) 6.14 percent B) 9.92 percent C) 4.84 percent D) 6.41 percent E) 7.28 percent 34) Gee-Gee common stock returned a nifty 21.6 percent rate of return last year. The dividend amount was $.25 a share which equated to a dividend yield of 1.01 percent. What was the rate of price appreciation for the year?

34) A) 22.87 percent B) 20.59 percent C) 21.38 percent D) 21.52 percent E) 23.60 percent 35) Flo's Flowers pays an annual dividend that increases by 1.8 percent per year, commands a market rate of return of 13.8 percent, and sells for $19.08 a share. What is the expected amount of the next dividend? 35) A) $2.37 B) $2.29 C) $2.17 D) $2.24 E) $2.32

35) Flo's Flowers pays an annual dividend that increases by 1.8 percent per year, commands a market rate of return of 13.8 percent, and sells for $19.08 a share. What is the expected amount of the next dividend? 35) A) $2.37 B) $2.29 C) $2.17 D) $2.24 E) $2.32