The Stiller Corporation will pay a $3.80 per share dividend next year. The company pledges to increase

Jefferson Mills just paid a dividend of $1.56 per share on its stock. The dividends are expected to grow at a constant rate of 8 percent per year, indefinitely. What will the price of this stock be in 7 years if investors require a 15 percent rate of return?    A.  $28.18 B.  $32.04 C.  $37.46 D.  $41.25 E.  $43.33

99.

The next dividend payment by Hillside Markets will be $2.35 per share. The dividends are anticipated to maintain a 4.5 percent growth rate forever. The stock currently sells for $65 per share. What is the dividend yield?    A.  3.20 percent B.  3.62 percent C.  3.81 percent D.  4.50 percent E.  4.81 percent

100.

The Stiller Corporation will pay a $3.80 per share dividend next year. The company pledges to increase its dividend by 2.4 percent indefinitely. How much are you willing to pay to purchase this company's stock today if you require a 6.9 percent return on your investment?    A.  $55.07 B.  $63.09 C.  $72.22 D.  $78.47 E.  $84.44