PRINTER VERSTON BACK NEXT Problem 9.06 required rate of return is 17.0 percent, what is Pharoah, Inc., paid a dividend of $4.25 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the the current value of the stock? (Round answer to 2 decimal places, e.g. 15.25.) Current value SUBMIT ANSWER Question Attempts: 0 of 2 used sAVE FOR LATER Problem 9.10 Crane Corp. paid a dividend of $2.36 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Crane require a rate of return of 17 percent, what should be the market price of Crane stock? (Round dividend to 3 decimal places, e.g. 3.756 and round final answer to 2 decimal places, e.g 15.25.) Market price Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER Help System Ann PRINTER VERSION 4BACK NEXT Problem 9.12 Pharoah Corp. is expected to pay a dividend of $2.36 next yea Assume constant growth. (Round answer to 2 decimal places, e.g. 15.20.) Current stock price r. The forecast for the stock price a year from now is $36.50. If the requi ired rate of return is 16 percent, what is the current stock price? Question Attempts: o0 of 2 used SAVE FOR LATER SUBNIT