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I need the solutions to these answers asap. Thank you. Culver Mechanical Inc.'s first dividend of $3.1 per share is expected to be paid six years...
I need the solutions to these answers asap. Thank you.
Culver Mechanical Inc.’s first dividend of $3.1 per share is expected to be paid six years from today. From then on, dividends will grow by 10 percent per year for five years. After five years, the growth rate will then slow to 5 percent per year in perpetuity. Assume that Culver’s required rate of return is 13 percent. What is the price of a share of Culver Mechanical today?
Monty Design Ltd. just paid a dividend of $4 and its current earnings per share is $6. The current T-bill rate is 2.2 percent and Monty’s risk premium is 11.2 percent. The net profit margin, asset turnover, and debt-to-equity (D/E) ratio are 19.2 percent, 1.3, and 0.59, respectively. Calculate the current share price by using theP/Eratio approach.
Pina Mining Inc.'s share is currently selling for $195. The current dividend is $12.25 and the required rate of return is 10 percent.What is the expected dividend growth rate? (Round answer to 2 decimal places, e.g. 5.25%.)
Crane Inc. has an expected profit margin of 9.5 percent, turnover ratio of 1.80, and a leverage ratio of 0.3. The leading EPS is $2.7 and the firm uses a dividend payout ratio of 35 percent. The required return on firms with Crane’s risk characteristics is 5 percent.Calculate the expected current stock price of Crane. Dividend growth rate
Kingbird Corporation will pay dividends of $2.31, $2.84, and $3.27 in the next three years. After three years, the dividends are expected to grow at a constant rate of 4 percent per year. If the required rate of return is 12.55 percent, what is the current value of the Kingbird common stock? (Round answer to 2 decimal places, e.g. 52.75.)Current value of the common stock