Krell Industries has a share price of $21.11 today. If Krell is expected to pay a dividend of $0.84 this year and its stock price is expected to grow to $23.54 at the end of the year, what is Krell's dividend yield and equity cost of capital?

The dividend yield is ____%. (Round to one decimal place.)

Assume Evco, Inc. has a current stock price of $47.27 and will pay a $1.80 dividend in one year; its equity cost of capital is 15%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price?

We can expect Evco stock to sell for $____. (Round to the nearest cent.)

Maynard Steel plans to pay a dividend of $3.07 this year. The company has an expected earnings growth rate of 3.6% per year and an equity cost of capital of 10.5%.

a. Assuming that Maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, estimate Maynard's share price.

b. Suppose Maynard decides to pay a dividend of $0.96 this year and use the remaining $2.11 per share to repurchase shares. If Maynard's total payout rate remains constant, estimate Maynard's share price.

Laurel Enterprises expects earnings next year of $ 3.91 per share and has a 40% retention rate, which it plans to keep constant. Its equity cost of capital is 9%, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 3.6% per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be?

The current stock price will be $_____