LO 1 is the current share price? 19

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LO 1 is the current share price? 19. Negative Growth. Antiques 'R' Us is a mature manufacturing firm. The company just paid a dividend of $16.30 but management expects to reduce the payout by 4.5 percent per year, indefinitely. If you require a return of 12 percent on this stock, what will you pay for a share today? for $5305 20 Finding the idend Contior Cornornti ettle
will increase the dividend by 5 percent per year thereafter. If the required return on this stock is 13 percent, what is the current share price? LO1 16. Nonconstant Dividends. Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of S3 per share and has announced that it will increase the dividend by S5 per share for each of the next four years, and then never pay another dividend. If you require a return of 10.4 percent on the company's stock, how much will you pay for a share today?
LO 1 6. Stock Valuation. Suppose you know that a company's stock currently sells for $67 per share and the required return on the stock is 11.5 percent. You also know that the total return on the stock is evenly divided between capital gains yield and dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?