Question
You own stock in BNW (Brave New World), Inc. The stock just paid a dividend of $75.00. Dividends are paid quarterly. You expect dividends to
You own stock in BNW (Brave New World), Inc. The stock just paid a dividend of $75.00. Dividends are paid quarterly. You expect dividends to grow at a rate of 2.72% on a guarterly basis. The required return on the stock on a quarterly basis is 4.86%. Please round dollar amounts to the nearest penny.
- The current ex dividend price of the stock is:
Select one:
a. 1,543.21
b. 1,832.43
c. 3,504.67
d. 3,600.00
e. 3,675.00
f. 3,954.32
g. 4,700.11
2. The price of the stock just before it went ex dividend is:
Select one:
a. 1,618.21
b. 1,909.47
c. 3,493.14
d. 3,581.71
e. 3,600.00
f. 3,675.00
g. 4,029.32
h. 4,775.44
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