1.2.3.4.

Fuji Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 12 percent and the company just paid a dividend of $3.25, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price You have found the following stock quote for RWJJ Enterprises, Inc., in the financial pages of today's newspaper. YTD Stock %Chg -1.1 RWJJ Enterp. SYM RWJ YLD 2.0 PE 15 Last 145.00 Net Cha -.44 What is the annual dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What was the closing price for this stock that appeared in yesterday's paper? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) If the company currently has 32 million shares of stock outstanding, what was net income for the most recent four quarters? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places. e.a. Chapter 9 Assignment Part 1 1,234,567.89.) Annual dividend Yesterday's closing price Net income Fifth National Bank just issued some new preferred stock. The issue will pay an annual dividend of $23 in perpetuity, beginning 12 years from now. If the market requires a return of 3.7 percent on this investment, how much does a share of preferred stock cost today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent over the following year, and then 9 percent per year, indefinitely. The required return on this stock is 11 percent and the stock currently sells for $90 per share. What is the projected dividend for the coming year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Projected dividend