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You've collected the following information from your favorite financial website 52-Week Price Hi 77.40 55.81 130.93 50.24 36.00 Lo 10.43 33.42 69.50 13.95 20.84 Div Yld PE Close Stock (Div) % Ratio Price Palm Coal.36 2.6 6 13.90 Lake Lead Grp 1.54 3.8 10 40.43 SIR 2.00 2.2 10 88.97 DR Dime .80 5.2 6 15.43 Candy Galore 0.42 1.5 28 ?? a. Using the dividend yield, calculate the closing price for Candy Galore on th not round intermediate calculations and round your answer to 2 decimal e.g., 32.16.) b. Assume the actual closing price for Candy Galore was $27.69. Your researo a 4 percent dividend growth rate for Candy Galore. What is the required ret stock using the dividend discount model and the actual stock price? (Do no intermediate calculations and enter your answer as a percent rounded to places, e.g., 32.16.) a. Stock price b. Required return % You've collected the following information from your favorite financial webs 52-Week Price Hi 79.20 Lo 10.61 Div Yld % 3.4 PE Ratio 6 Close Price 15.70 55.81 33.42 3.8 10 40.43 Stock (Div) Palm Coal.54 Lake Lead Grp 1.54 SIR 2.00 DR Dime .80 Candy Galore .32 130.93 50.24 35.00 69.50 13.95 20.74 2.2 5.2 1.5 10 6 28 88.97 15.43 ?? According to your research, the growth rate in dividends for Palm Coal fo 10 years has been 4 percent. If investors feel this growth rate will continue, what is the required return stock? (Do not round intermediate calculations and enter your answer rounded to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Required return 0.07 %

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