Using the dividend yield, calculate the closing price for Tootsie Roll on this day. The actual closing

Question:

Using the dividend yield, calculate the closing price for Tootsie Roll on this day. The actual closing price for Tootsie Roll was $24.48. Why is your closing price different? The Value Line Investment Survey projects a 5.5 percent dividend growth rate for Tootsie Roll. What is the required return for the stock using the dividend discount model and the actual stock price?

(The 52-week Hi and Lo are the highest and lowest stock prices over the previous 52 weeks).

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...