公司理财的作业和答案(下载)

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1、WashingtonStateUniversityFinance325PracticeProblems(StockValuation)1.Michael’s,Inc.justpaid$1.40totheirshareholdersastheannualdividend.Simultaneously,thecompanyannouncedthatfuturedividendswillbeincreasingby4.5percent.Ifyourequirean8percentrateofreturn,howmuchareyouwillingtopaytopurchaseonesha

2、reofMichael’sstock?2.Angelina’smadetwoannouncementsconcerningtheircommonstocktoday.First,thecompanyannouncedthattheirnextannualdividendhasbeensetat$2.16ashare.Secondly,thecompanyannouncedthatallfuturedividendswillincreaseby4percentannually.WhatisthemaximumamountyoushouldpaytopurchaseashareofA

3、ngelina’sstockifyourgoalistoearna10percentrateofreturn?3.Astockpaysaconstantannualdividendandsellsfor$31.11ashare.Iftherateofreturnonthisstockis9percent,whatisthedividendamount?4.YouhavedecidedthatyouwouldliketoownsomesharesofGHCorp.butneedanexpected12percentrateofreturntocompensatefortheperc

4、eivedriskofsuchownership.WhatisthemaximumyouarewillingtospendpersharetobuyGHstockifthecompanypaysaconstant$3.50annualdividendpershare?5.TurnipsandParsleycommonstocksellsfor$39.86ashareatamarketrateofreturnof9.5percent.Thecompanyjustpaidtheirannualdividendof$1.20.Whatistherateofgrowthoftheirdi

5、vidend?6.B&KEnterpriseswillpayanannualdividendof$2.08ashareontheircommonstocknextweek.Lastyear,thecompanypaidadividendof$2.00ashare.Thecompanyadherestoaconstantrateofgrowthdividendpolicy.WhatwilloneshareofB&Kcommonstockbeworthtenyearsfromnowiftheapplicablediscountrateis8percent?7.TheRedBudCo.

6、paysaconstantdividendof$1.20ashare.Thecompanyannouncedtodaythattheywillcontinuetodothisforanother3yearsafterwhichtimetheywilldiscontinuepayingdividendspermanently.Whatisoneshareofthisstockworthtodayiftherequiredrateofreturnis7percent?8.BillBaileyandSonspaysnodividendatthepresenttime.Thecompan

7、yplanstostartpayinganannualdividendintheamountof$.30asharefortwoyearscommencingtwoyearsfromtoday.Afterthattime,thecompanyplansonpayingaconstant$1asharedividendindefinitely.Howmuchareyouwillingtopaytobuyashareofthisstockifyourrequiredreturnis1