Information P Flag question The following two questions relate to Church, Inc., whose dividends are expected to grow at a nonconstant rate over the next several years. Both questions provide the same data, but ask for different responses. Question 19 Tries remaining 1 Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 3.8% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e. g = 0. The company's most recent dividend, Do, was $3.4, and its required rate of return is 14%. What is the expected Horizon Value at t=4? Points out of 1 P Flag question Answer: Check Question 20 Tries remaining 1 Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product Management expects earnings and dividends to grow at a rate of 3.8% for the next 4 years after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e. g -0. The company's most recent dividend, Do. was $3.4, and its required rate of return is 14%. What is the current price of the common stock? Points out of 1 Flag question Answer: Check Whited Inc.'s stock currently sells for $39.46 per share. The dividend is projected to increase at a constant rate of 3.9% per year. The required rate of return on the stock, rs, is 8.5%. What is the stock's expected price 4 years from now? Answer: Check The next dividend payment by HG Enterprises will be $1.78 per share. The dividends are anticipated to maintain a 3.9 percent growth rate forever. The stock currently sells for $59.06 per share. What is the dividend yield? Provide your answer in decimal form with at least three digits to the right of the decimal, for example 0.012 Answer: Kapoor Manufacturing has a bond issue outstanding with 6 years to maturity, a coupon rate of 9.8% (paid semiannually), and a par value of $1,000. The bonds are currently priced at $1135.29. What is YTM on these bonds? Provide your answer as a DECIMAL with at least four digits to the right of the decimal (0.1234). Do not include the percent sign or any other symbols