Bui Corp. pays a constant $13.30 dividend on its stock. The company will maintain this dividend for the next seven years and will then cease paying dividends forever.

Required:

If the required return on this stock is 10 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Current share price

$

Youve collected the following information from your favorite financial website.

52-Week Price		Stock (Div)	Div Yld %	PE Ratio	Close Price	Net Chg
Hi	Lo
77.40	10.43	Palm Coal 0.36	2.6	6	13.90	0.24
56.71	34.32	Lake Lead Grp 2.44	5.9	10	41.33	0.01
130.93	69.50	SIR 2.00	2.2	10	88.97	3.07
50.24	13.95	DR Dime 0.80	5.2	6	15.43	0.26
35.00	20.74	Candy Galore 0.32	1.5	28	??	0.18

Find the quote for the Lake Lead Group. Assume that the dividend is constant.

Requirement 1:

What was the highest dividend yield over the past year? (Do not round intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)

Highest dividend yield	%

Requirement 2:

What was the lowest dividend yield over the past year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Lowest dividend yield	%

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