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You've collected the following information from your favorite financial website. 52-Week Price Div Yld PE Close Net Hi Stock (Div) Lo % Ratio Price Chg

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You've collected the following information from your favorite financial website. 52-Week Price Div Yld PE Close Net Hi Stock (Div) Lo % Ratio Price Chg 6 13.90 24 77.40 10.43 2.6 Palm Coal 36 55.81 130.93 33.42 Lake Lead Grp 1.54 SIR 2.00 DR Dime 80 3.8 2.2 5.2 10 4043 01 69.50 10 88.97 3.07 6 15.43 -26 28 50.24 13.95 35.90 2? 18 20.83 1.5 Candy Galore 0.41 a. Using the dividend yield, calculate the closing price for Candy Galore on this day. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.Assume the actual closing price for Candy Galore was $2702. Your research projects a 5 percent dividend growth rate for Candy Galore. What is the required return for the stock using the dividend discount model and the actual stock price? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Stock price a. % b. Required return

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