Using the dividend yield, calculate the closing price for Tootsie Roll on this day. The actual closing price for Tootsie Roll was $33.30. Why is your closing price different? The Value Line Investment Survey projects a 5.5 percent dividend growth rate for Tootsie Roll. What is the required return for the stock using the dividend discount model and the actual stock price?

(The 52-week Hi and Lo are the highest and lowest stock prices over the previous 52 weeks).

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52-Week Price Div Yld % PE Ratio Close Price Net Ch Hi Lo Stock(Div) 7.75 11.72 Alcoa.12 90.48 Analogic .40 .9 .5 2.7 3.7 .9 63.3 13.30 27 86.39 149.52 55.75 34.26 33.7 13.2 20.2 32.8 -.74 156.752.52 62 .09 99.21BM 4.25 44.75Laclede Group 1.84 25.27 50.20 ?2 Tootsie Roll.31