ANSWER ALL 3

1) suppose nabisco corporation just issued a dividend of $2.10 per share yesterday. Subsequent dividends will grow at a constant rate of 4% indefinitely. If the required rate of return for the stock is 11.10%, what is the value of a share of common stock today?

2) what is the value of a share of preferred stock that promises to pay $2.91 every year, indefinitely, if you have a required rate of return of 7.11%

3) The current price of Janco stock is $11.73. Dividends are expected to grow at three. 53% indefinitely and the most recent dividend paid yesterday was $2.52. Compute the following for janco stock

a) the required rate of return

b) the dividend yield

c) capital gains yield

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