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Plutinum Corp. pays a constant $31 dividend on its stock. The company will maintain the dividend for the next ten years and will then cease paying dividends forever. if the required return on this stock is 13 percent, what is the current share price?

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Jamar Ferry
Jamar FerryLv2
28 Sep 2019

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Bui Corp. pays a constant $13.30 dividend on its stock. The company will maintain this dividend for the next seven years and will then cease paying dividends forever.
Required:

If the required return on this stock is 10 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Current share price

$

You’ve collected the following information from your favorite financial website.
52-Week Price Stock (Div) Div
Yld %		 PE
Ratio		 Close
Price		 Net
Chg
Hi Lo
77.40 10.43 Palm Coal 0.36 2.6 6 13.90 –0.24
56.71 34.32 Lake Lead Grp 2.44 5.9 10 41.33 –0.01
130.93 69.50 SIR 2.00 2.2 10 88.97 3.07
50.24 13.95 DR Dime 0.80 5.2 6 15.43 –0.26
35.00 20.74 Candy Galore 0.32 1.5 28 ?? 0.18
Find the quote for the Lake Lead Group. Assume that the dividend is constant.
Requirement 1:

What was the highest dividend yield over the past year? (Do not round intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)
Highest dividend yield %
Requirement 2:

What was the lowest dividend yield over the past year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Lowest dividend yield %

Check my work

Suppose Ryzen. just paid a dividend of $2 dollars. It will keep a constant dividend growth rate of 3% for the first 3 years. Afterwards, the company pledges to maintain a constant 4.6 percent growth rate in dividends forever. If the required return on the stock is 8.6 percent, what is the current share price?

YYY Corp. just paid a $2.50 dividend and its dividends are expected to grow at 25% rate for the next three years, then at a constant rate of 6% thereafter forever. If investors require 13% return on this stock, what is the current stock value?

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