Finance***

Metallica Bearings, Inc., Is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $23 per share 10 years from today and Will increase the dividend by 5 percent per year thereafter. If the required return on this stock is 12 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) You've collected the following information from your favorite financial website. Find the quote for the Duke Energy. Assume that the dividend is constant. a. What was the highest dividend yield over the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9.4 32.16.) b. What was the lowest dividend yleld over the past year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) You've collected the following information from your favorite financial website. a. Using the dividend yield, calculate the closing price for Walt Disney on this day. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Assume the actual closing price for Walt Disney was $108.85. Your research projects a 4 percent dividend growth rate for Wait Disney. What is the required return for the stock using the dividend discount model and the actual stock price? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) E-Eyes.com has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. The required return on the stock is 9 percent. What is the price of the stock 19 years from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16.) What is the price of the stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 8 years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $12.75 per share 9 years from today and will increase the dividend by 5.75 percent per year thereafter. The required return on the stock is 13.75 percent. What is the price of the stock 8 years from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 32.16.) What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)