Firm Z paid a dividend of $2.24 per share this morning. Dividends are expected to grow at an annual rate of 4.2% per year forever. What is the amount of the dividend that will be paid 8 years from now? Round your answer to the nearest cent.

Flag this Question

Question 21 ptsSkip to question text.

Firm B paid a dividend of $1.71 per share this morning. Dividends are expected to grow at an annual rate of 10% per year for the next 3 years. After that, dividends will grow at 3.6% per year forever. What is the amount of the dividend that will be paid 6 years from now? Round your answer to the nearest cent.

Flag this Question

Question 31 ptsSkip to question text.

Firm M intends to pay a dividend of $3.06 per share at the end of the year, $1.73 per share two years from now and $2.32 per share three years from now. If the required return on the stock is 9%, what is the net present value (i.e., sum of the present values) of these dividends? Round your answer to the nearest cent.

Flag this Question

Question 41 ptsSkip to question text.

Firm A has always paid a common stock dividend of $2.79 per share each year. They intend to continue paying the same dividend each year forever. If the stock's required return is 6.5%, what is the price per share today? Round your answer to the nearest cent.