公司理财的作业和答案(下载)

Washington State University Finance 325 1 Practice Problems Stock Valuation 1 Michael s Inc just paid 1 40 to their shareholders as the annual dividend Simultaneously the company announced that future dividends will be increasing by 4 5 percent If you require an 8 percent rate of return how much are you willing to pay to purchase one share of Michael s stock 2 Angelina s made two announcements concerning their common stock today First the company announced that their next annual dividend has been set at 2 16 a share Secondly the company announced that all future dividends will increase by 4 percent annually What is the maximum amount you should pay to purchase a share of Angelina s stock if your goal is to earn a 10 percent rate of return 3 A stock pays a constant annual dividend and sells for 31 11 a share If the rate of return on this stock is 9 percent what is the dividend amount 4 You have decided that you would like to own some shares of GH Corp but need an expected 12 percent rate of return to compensate for the perceived risk of such ownership What is the maximum you are willing to spend per share to buy GH stock if the company pays a constant 3 50 annual dividend per share 5 Turnips and Parsley common stock sells for 39 86 a share at a market rate of return of 9 5 percent The company just paid their annual dividend of 1 20 What is the rate of growth of their dividend 6 B because it has a higher expected return and appears to be less risky than stock B 15 6 77 percent 16 6 8 percent 17 8 25 percent 18 004056 19 2 6 percent 20 1 60 21 33 22 6 4 percent 23 14 24 percent 24 1 68 25 C 26 39 percent 27 48 percent 28 10 38 percent 29 9 14 percent 30 20 0 million 31 16 0 million 32 1