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【单选题】
You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both \$0.75 in dividends and \$16 from the sale of the stock at the end of the year. The maximum price you would pay for the stock today is________ if you wanted to earn a 12% return.
A.
$23.91
B.
$14.96
C.
$26.52
D.
$27.50
E.
None of the options are correct.
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【单选题】You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both \$3.50 in dividends and \$42 from the sale of the stock at the end of the year. The ma...
A.
$23.91
B.
$24.11
C.
$26.52
D.
$27.50
E.
None of the options are correct.
【单选题】The Gordon model________
A.
is a generalization of the perpetuity formula to cover the case of a growing perpetuity.
B.
is valid only when $g$ is less than $k$.
C.
is valid only when $k$ is less than $g$.
D.
is a generalization of the perpetuity formula to cover the case of a growing perpetuity and is valid only when $g$ is less than $k$.
E.
is a generalization of the perpetuity formula to cover the case of a growing perpetuity and is valid only when $k$ is less than $g$.
【单选题】The market-capitalization rate on the stock of Flexsteel Company is 12%. The expected ROE is 13%, and the expected EPS are \$3.60. If the firm's plowback ratio is 75%, the P/E ratio will be________
A.
7.69.
B.
8.33.
C.
9.09.
D.
11.11.
E.
None of the options are correct.
【单选题】Sure Tool Company is expected to pay a dividend of \$2 in the upcoming year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. Analysts expect the price of Su...
A.
14.0%.
B.
17.5%.
C.
16.5%.
D.
15.25%.
E.
None of the options are correct.
【单选题】A firm has a return on equity of 14% and a dividend-payout ratio of 60%. The firm's anticipated growth rate is ________
A.
5.6%.
B.
10%.
C.
14%.
D.
20%.
【单选题】JCPenney Company is expected to pay a dividend in year 1 of \$1.65, a dividend in year 2 of \$1.97, and a dividend in year 3 of \$2.54. After year 3, dividends are expected to grow at the rate of 8% p...
A.
$33.00
B.
$40.67
C.
$71.80
D.
$66.00
E.
None of the options are correct.
【单选题】Exercise Bicycle Company is expected to pay a dividend in year 1 of \$1.20, a dividend in year 2 of \$1.50, and a dividend in year 3 of \$2.00. After year 3, dividends are expected to grow at the rate...
A.
$33.00
B.
$39.86
C.
$55.00
D.
$66.00
E.
$40.68
【单选题】The growth in dividends of XYZ, Inc. is expected to be 10% per year for the next two years, followed by a growth rate of 5% per year for three years. After this five-year period, the growth in dividen...
A.
$8.99
B.
$25.21
C.
$40.00
D.
$110.00
E.
None of the options are correct.
【单选题】Investors want high plowback ratios________
A.
for all firms.
B.
whenever $ROE > k$.
C.
whenever $k > ROE$.
D.
only when they are in low tax brackets.
E.
whenever bank interest rates are high.
【单选题】Ceteris paribus, the price and yield on a bond are________
A.
positively related.
B.
negatively related.
C.
sometimes positively and sometimes negatively related.
D.
not related.
E.
indefinitely related.