You’ve collected the following information from your favorite financial website.
52-Week Price | Stock (Div) | Div Yld % |
PE Ratio |
Close Price |
Net Chg |
|
Hi | Lo | |||||
77.40 | 10.43 | Palm Coal .36 | 2.6 | 6 | 13.90 | –.24 |
55.81 | 33.42 | Lake Lead Grp 1.54 | 3.8 | 10 | 40.43 | –.01 |
130.93 | 69.50 | SIR 2.00 | 2.2 | 10 | 88.97 | 3.07 |
50.24 | 13.95 | DR Dime .80 | 5.2 | 6 | 15.43 | –.26 |
35.10 | 20.75 | Candy Galore .33 | 1.5 | 28 | ?? | .18 |
Using the dividend yield, calculate the closing price for Candy
Galore on this day. (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g.,
32.16.)
Stock price
$
Assume the actual closing price for Candy Galore was $21.69. Your
research projects a 4.25 percent dividend growth rate for Candy
Galore. What is the required return for the stock using the
dividend discount model and the actual stock price? (Do not
round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
Required return
%
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