Samson Enterprises increases its annual dividend by $3\mathrm{.}2\%$ each year. The common stock has a market price of $$36\mathrm{.}49$ a share on a required retum of $9\mathrm{.}7\%.$ What is the amount of its next annual dividend?

a $$2\mathrm{.}36$

b$.$ $$2\mathrm{.}37$

c$.$ $$2\mathrm{.}38$

d$.$ $$2\mathrm{.}39$

The common stock of Bethel Baked Goods is valued at $$23\mathrm{.}72$ a share. The company increases its dividend by $2\mathrm{.}3\%$ annually and expects its next dividend to be $$0\mathrm{.}94$ per share. What is the required rate of return of this stock?

a $6\mathrm{.}26\%$

b$.6\mathrm{.}27\%$

c$.6\mathrm{.}28\%$

d$.6\mathrm{.}29\%$

The Johnston Company will pay an annual dividend of $$1\mathrm{.}44$ next year. The compary has increased its dividend by $3\mathrm{.}9\%$ a year for the past twenty years and expects to continue doing so$.$ What will a share of this stock be worth $5$ years from now if the required return is $8\mathrm{.}6\%?$

a$.$ $$37\mathrm{.}07$

b$.$ $$37\mathrm{.}08$

c$.$ $$37\mathrm{.}09$

d$.$ $$37\mathrm{.}10$

Otto Enterprises has a bond issue outstanding with a coupon rate of $4\mathrm{.}9\%$ that matures in $12$ years. The bond is currently priced at $$883\mathrm{.}34$ and has a par value of $$1,000.$ Interest is paid

semiannually. What is their yield to maturity?

a$.6\mathrm{.}0\%$

b$.6\mathrm{.}1\%$

c$.6\mathrm{.}2\%$

d$.6\mathrm{.}3\%$