Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $130 per share but all future dividends will be decreased by 275 percent annual What is a share of this stock worth today at a required return of 155 percent? Multiple Choice O $609 0 O $6.93 0 O $6.50 0 0 $6.68 0 $6.98 Software Sales Supply is expected to pay its first annual dividend of $1.10 per share in Year 3. Starting in Year 6, the company plans to increase the dividend by 3.2 percent per year. What is the value of this stock today, Year 0, at a required return of 13.1 percent? Multiple Choice $8.22 S149 $10.35 S1266 Canine Crates just paid an annual dividend of $.45 per share but plans to double that amount each year for three years. After that, the firm expects to maintain a constant dividend. What is the value of this stock today if the required return is 13 percent? Multiple Choice $24.48 $26.45 S2346 S1991 2389 Whatever, Inc., has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 25 years. What is the market price if the bond has a par value of $1,000? Multiple Choice $969.63 o $968.35 $986.20 o oo $966.87 0 $96708 Kasey Corp. has a bond outstanding with a coupon rate of 5.4 percent and semiannual payments. The bond has a yield to maturity of 6.3 percent, a par value of $2,000, and matures in 21 years. What is the quoted price of the bond? Multiple Choice ) 1791.95 o 89.60 o 94.08 o 9139 o 897 35