Using the dividend yield, calculate the closing price for Candy Galore on this day. (Do not round
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Question:
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.) Stock price $ Assume the actual closing price for Candy Galore was $28.36. Your research projects a 4.25 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.)
Required return %
52-Week Price | Stock (Div) | Div Yld % | PE Ratio | Close Price | Net Chg | |
Hi | Lo | |||||
77.40 | 10.43 | Palm Coal .36 | 2.6 | 6 | 13.90 | –.24 |
55.81 | 33.42 | Lake Lead Grp 1.54 | 3.8 | 10 | 40.43 | –.01 |
130.93 | 69.50 | SIR 2.00 | 2.2 | 10 | 88.97 | 3.07 |
50.24 | 13.95 | DR Dime .80 | 5.2 | 6 | 15.43 | –.26 |
36.10 | 20.85 | Candy Galore .43 | 1.5 | 28 | ?? | .18 |
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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