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Price of Stock Assignment | Homework For You

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January 29th, 2020

Problem 6 (12pts.) Symbol Systems common stocks paid $1.65 /share dividend last year (at time -0, Do-$1.65) and the dividends are now expected to grow indefinitely at an annual rate of 6 percent.Homework For You

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(A) What is current price of the stock, if the required rate of return on stock (the discount rate on stock) is 14% 2 ( 4pts.)

(B) What is expected price of the stock a year from today? (2pts.) (Note: The growth rate in stock price is same as growth rate in dividend).

(C) Estimate the expected dividend yield for Symbol stock (3pts.). (Note: Required rate of Return is the sum of expected dividend yield and growth rate of Dividend.)

(D) What would be the estimated value of this stock (P) if it is expected to maintain constant dividend of $1.65 (no change in dividend) for foreseeable future? Assume the required rate of return on this stock is 10 percent. (3pts.)Get Finance homework help today

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