9.) Assume Evco, Inc., has a current stock price of $58 and will pay a $ 2.05 dividend in one year; its equity cost of capital is 19 % What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price? The expected price is (Round to the nearest cent.)

10) Anle Corporation has a current price of $21, is expected to pay a dividend of

$2 in one year, and its expected price right after paying that dividend is $27.

a. What is Anle's expected dividend yield?

b. What is Anle's expected capital gain rate?

c. What is Anle's equity cost of capital?

a. What is Anle's expected dividend yield?

Anle's expected dividend yield is (Round to two decimal places.)

11.) Summit Systems will pay a dividend of $1.64 one year from now. If you expect Summit's dividend to grow by %6.5% per year, what is its price per share if its equity cost of capital is 10.3%?

The price per share is (Round to the nearest cent.)

12.) Colgate-Palmolive Company has just paid an annual dividend of $0.95. Analysts are predicting a 10.1% per year growth rate in earnings over the next five years. After that, Colgate's earnings are expected to grow at the current industry average of 6.3% per year. If Colgate's equity cost of capital is 8.7% per year and its dividend payout ratio remains constant, what price does the dividend-discount model predict Colgate stock should sell for?

The price per share is (Round to two decimal places.)