Miller Brothers Hardware paid an annual dividend of $1.65 per share last month. Today, the company announced that future dividends will be increasing by 3.00 percent annually. If you require a 9.8 percent rate of return, how much are you willing to pay to purchase one share of this stock today? $26.64 $56.65 $55.00 $23.34 $24.99 The common stock of Auto Deliveries sells for $25.96 a share. The stock is expected to pay $2.10 per share next month when the annual dividend is distributed. Auto Deliveries has established a pattern of increasing its dividends by 4.2 percent annually and expects to continue doing so. What is the market rate of return on this stock? 8.09 percent 10.19 percent 12.29 percent 14.39 percent 16.49 percent Roy's Welding Supplies common stock sells for $22 a share and pays an annual dividend that increases by 6 percent annually. The market rate of return on this stock is 9 percent. What is the amount of the last dividend paid? $0.66 $0.84 $0.68 $0.62 $0.61 Winter Time Adventures is going to pay an annual dividend of $3.02 a share on its common stock next week. This year, the company paid a dividend of $2.90 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 10 years from now if the applicable discount rate is 8.0 percent? $118.70 $112.63 $126.86 $117.29 $108.44 Combined Communications is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20 percent a year for the next 4 years and then decreasing the growth rate to 4 percent per year. The company just paid its annual dividend in the amount of $1.20 per share. What is the current value of one share of this stock if the required rate of return is 9.00 percent? $42.41 $35.23 $42.81 $48.04 $39.17 Langley Enterprises pays a constant dividend of $1.40 a share. The company announced today that it will continue to do this for another 2 years after which time it will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 9 percent? $3.98 $3.66 $2.46 $2.80 $2.16 Last week, Hansen Delivery paid its annual dividend of $1.20 per share. The company has been reducing the dividends by 12 percent each year. How much are you willing to pay to purchase stock in this company if your required rate of return is 14 percent? $15.36 $7.54 $8.80 $4.06 $31.20 Lee Hong Imports paid a $1.00 per share annual dividend last week. Dividends are expected to increase by 5% annually. What is one share of this stock worth to you today if the appropriate discount rate is 14%? $7.50 $11.11 $12.25 $7.14 $11.67 The current yield on Alpha's common stock is 4.8%. The company just paid a $2.10 dividend. The rumor is that the dividend will be $2.205 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on Alpha's stock? 43.75% 10.04% 16.07% 21.88% 45.94% Shares of common stock of the Samson Co. offer an expected total return of 12%. The dividend is increasing at a constant 8% per year. The dividend yield must be: 20%. 4%. 8%. 12%. -4%