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1. If you require an 14.10 percent return on your investment, how much will you

ID: 2775182 • Letter: 1

Question

1.

  

If you require an 14.10 percent return on your investment, how much will you pay for the company's stock today?

2.

Suppose you know a company's stock currently sells for $70 per share and the required return on the stock is 9 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield.

If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

Metroplex Corporation will pay a $3.90 per share dividend next year. The company pledges to increase its dividend by 7.00 percent per year indefinitely.

Explanation / Answer

1. If you require an 14.10 percent return on your investment, how much will you