5.The common stock of Dayton Repair sells for $48.49 a share. The stock is expected to pay $2.17 per share next year when the annual dividend is distributed. The company increases its dividends by 2.56 percent annually. What is the market rate of return on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

6.GEO Inc. has paid annual dividends of $.41, $.47, and $.53 a share over the past three years, respectively. The company expects to now maintain a constant dividend. At a discount rate of 10.5 percent, what is the current value per share?

7.Gee-Gee common stock returned a nifty 22.65 percent rate of return last year. The dividend amount was $1.96 a share which equated to a dividend yield of 1.3 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.)

8.Global Logistics just announced it is increasing its annual dividend to $1.03 next year and will increase that dividend by 2.05 percent annually thereafter. How much will one share of this stock be worth ten years from now if the required rate of return is 13.8 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

9.Yummy Bakery just paid an annual dividend of $2.63 a share and is expected to increase that amount by 4.5 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 11.3 percent at the time of your purchase? (Do not round intermediate calculations and round your answer to 2 decimal places

10.The current dividend yield on CJ's common stock is 1.88 percent. The company just paid an annual dividend of $1.56 and announced plans to pay $1.70 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

11.Home Products common stock sells for $35.02 a share and has a market rate of return of 13.5 percent. The company just paid an annual dividend of $1.14 per share. What is the dividend growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)