Tell Me Why Co. is expected to maintain a constant 5.4 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 7.2 percent, what is the required return on the companys stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Suppose you know that a companys stock currently sells for $69 per share and the required return on the stock is 10 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If its the companys policy to always maintain a constant growth rate in its dividends, what is the current dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Moraine, Inc., has an issue of preferred stock outstanding that pays a $5.35 dividend every year in perpetuity. If this issue currently sells for $93 per share, what is the required return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $18 per share dividend 10 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 13 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Lohn Corporation is expected to pay the following dividends over the next four years: $10, $6, $5, and $3.50. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 11 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $7.65, but management expects to reduce the payout by 5 percent per year indefinitely. If you require a return of 12 percent on this stock, what will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Secolo Corporation stock currently sells for $52 per share. The market requires a return of 8.4 percent on the firms stock. If the company maintains a constant 2.2 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of todays newspaper.

52-WEEK

YLD

VOL

NET

HI

LO

STOCK (DIV)

%

PE

100s

CLOSE

CHG

110.12

88.48

RJW

2.70

2.5

15

18,157

??

.42

What was the closing price for this stock that appeared in yesterdays paper? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Yesterdays closing price

$

If the company currently has 30 million shares of stock outstanding, what was net income for the most recent four quarters? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Net income

$