What was the most recent dividend per share paid on stock

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Question: 1. Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $10 per share dividend 10 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 11 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

2. Secolo Corporation stock currently sells for $27 per share. The market requires a return of 10.8 percent on the firm's stock. If the company maintains a constant 3.4 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

3. Secolo Corporation stock currently sells for $81 per share. The market requires a return of 11.1 percent on the firm's stock. If the company maintains a constant 3 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131925271

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