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Need help understanding calculations on a financial calculator Michael's, lnc.,just paid $1.85 to its shareholders as the annual dividend. Simultaneously, the company announced that future

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Need help understanding calculations on a financial calculator

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Michael's, lnc.,just paid $1.85 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 4.1 percent. If you require a rate of return of 8.3 percent, how much are you willing to pay today to purchase one share ofthe company's stock? Multiple Choice 0 $22.93 O $47.70 $45.85 O O $23.20 C $15.53 Sankey Co. has earnings per share of $3.40. The benchmark PE is 17.7 times. What stock price would you consider appropriate? Multiple Choice (:> $4398 (::) $5612 $5206 $60.18 0 O $21.10 0 Symon's Suppers Co. has announced that it will pay a dividend of $4.35 per share one year from today. Additionally, the company expects to increase its dividend by 4.4 percent annually. The required return on the company's stock is 11.2 percent. What is the current share price? Multiple Choice O $38.84 0 $63.97 $60.11 0 O $60.77 0 $66.79 NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.31 a share. The following dividends will be $.36, $.51, and $.81 a share annually for the following three years, respectively. After that, dividends are projected to increase by 2.5 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is 10 percent? Multiple Choice O $11.38 0 $11.35 $9.08 O O $11.07 0 $2.27

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