ABC Co., preferred stock has a par value of $156.35 with a preferred dividend rate of 9.41%. If the required rate of return on preferred stock is 9.38%, what is today's price of preferred stock? Round your answer to two decimal points.
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- What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par, and a current market price of (a) $55.00, (b) $77.00, (c) $108.00, and (d) $133.00? Round your answers to two decimal places.A preferred stock from Duquesne Light Company (DQUPRA) pays $3.55 in annual dividends.If the required return on the preferred stock is 6.7 percent, what’s the value of the stock? (Round your answer to 2 decimal places.)am. 131.
- 1. A stock has had the following year-end prices and dividends: Year Price ($) Dividend ($) 94.17 92.21 1.05 96.1 1.2 96.3 1.57 94.16 1.66 96.46 1.69 What is the geometric average return for the stock? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).Problem 4-18 Two-stage DCF model Consider the following three stocks: a. Stock A is expected to provide a dividend of $11.80 a share forever. b. Stock B is expected to pay a dividend of $6.80 next year. Thereafter, dividend growth is expected to be 3.00% a year forever. c. Stock C is expected to pay a dividend of $4.20 next year. Thereafter, dividend growth is expected to be 19.00% a year for five years (i.e., years 2 through 6) and zero thereafter. a-1. If the market capitalization rate for each stock is 9.00%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock Price Stock A Stock B Stock C a-2. Which stock is the most valuable? O Stock C O Stock B Stock A b-1. If the market capitalization rate for each stock is 6.00%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock Price Stock A Stock B Stock CThe preferred stock of Axim Corp. is currently selling at $51.07. If the required rate of return is 11.7 percent, what is the dividend paid by this stock? (Round answer to 2 decimal places, e.g. 15.25.) Dividend paid $ ________
- Determine the cost for the following preferred stock. Table attached below.A stock has had the following year-end prices and dividends: Year 0 1 2 3 4 5 Price $16.50 18.68 19.68 18.18 20.52 23.63 Dividend $ 0.15 0.35 0.37 0.38 0.45 What are the arithmetic and geometric returns for the stock? Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.1. A stock has had the following year-end prices and dividends: Dividend ($) Year 1 2 3 4 5 6 Price ($) 93.75 94.42 95.5 93.24 94.65 97.9 1.38 1.36 1.72 1.76 1.95 What is the geometric average return for the stock? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).
- BhupatbhaiA stock has had the following year-end prices and dividends: Year 1 Price Dividend $ 43.41 2 48.39 $0.66 3 57.31 0.69 4 45.39 0.80 5 52.31 0.85 6 61.39 0.93 What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Round the final answers to 2 decimal places.)A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 64.73 — 2 71.60 $ .68 3 77.40 .73 4 63.67 .79 5 73.91 .88 6 83.75 .95 What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)