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  3. a)weisbro and sons common stock sells for $32 a sh

a)Weisbro and Sons common stock sells for $32 a share and pays an annual dividend...

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Finance

a)Weisbro and Sons common stock sells for $32 a share and pays an annual dividend that increases by 4.2 percent annually. The market rate of return on this stock is 9.9 percent. What is the amount of the last dividend paid by Weisbro and Sons?

$1.29

$1.71

$3.04

$1.75

$1.90

b)Santa Klaus Toys just paid a dividend of $2.80 per share. The required return is 11.1 percent and the perpetual dividend growth rate is 3.7 percent. What price should this stock sell for five years from today?

$48.80

$37.84

$45.38

$47.05

$43.76

c)Voltanis Corp. has preferred stock outstanding that will pay an annual dividend of $4.23 every year in perpetuity. If the stock currently sells for $100.69 per share, what is the required return?

3.93%

4.80%

3.78%

4.20%

2.38%

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