You found the following stock quote for DRK Enterprises, Inc., at your favorite website. You also found that the stock paid an annualdividend of $.52, which resulted in a dividend yield of 1.20 percent.CompanyDRK EnterprisesDAILYYTD52 WEEKSymbolDRKVol18,649,130CloseChg%Chg%ChgHighLow%Chg??26.60%8.73%78.1925.9111.0%a. What was the closing price for this stock yesterday? (Do not round intermediate calculations. Round your answer to 2 decimalplaces.)Closing priceb. How many round lots of stock were traded? (Round your answer to the nearest whole round lot.)Traded lots

Question A. The current price is the most recent selling price of a stock, currency, commodity, or…

Answered: You found the following stock quote for…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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ou found the following stock quote for DRK Enterprises, Inc., at your favorite website. You also found that the stock paid an annual dividend of $.83, which resulted in a dividend yield of 1.40 percent. DAILY YTD 52 WEEKCompany Symbol Vol Close Chg %Chg %Chg High Low %ChgDRK Enterprises DRK 18,649,130 ?? .26 .44% 8.73% 78.19 41.87 11.0% a. What was the closing price for this stock yesterday?
You have found the following stock quote for RJW Enterprises, Incorporated, in the financialpages of today's newspaper. YTD % Change Stock SYM YLD PE Last Net Change -1.1 RJWEnterprises RWJ 2.5 15 108.00-.42 a. What is the annual dividend? (Do not roundintermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Whatwas the closing price for this stock that appeared in yesterday's paper c. If the companycurrently has 30 million shares of stock outstanding, what was net income for the most recentfour quarters? (Do not round intermediate calculations and enter your answer in dollars, notmtermediate calculations and round your answer to 2 decimal
You found the following stock quote for DRK Enterprises, Inc., at your favorite website. You also found that the stock paid an annual dividend of $.93, which resulted in a dividend yield of 1.2 percent. YTD Company DRK Enterprises Symbol DRK DAILY Vol Close Chg 18,649,130 ?? 26 %Chg 0.36% %Chg 8.73% a. What was the closing price for this stock yesterday? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of today's newspaper. 52-WEEK HI LO 89.32 53.17 STOCK (DIV) RJW 2 YLD % PE 5 9 VOL 100s CLOSE 17652 ?? NET CHG 5 If the company currently has 4.73 million shares of stock outstanding, what was net income for the most recent four quarters? (Enter your answer in dollars, not millions of dollars, and round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $1.234 million should be entered as 1234000.)
You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper. YTD %Change Stock SYM −1.1 RJW Enterprises RWJ YLD 2.0 PE 15 a. Annual dividend b. Yesterday's closing price c. Net income Net Last Change 140.00 -.43 a. What is the annual dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What was the closing price for this stock that appeared in yesterday's paper? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. If the company currently has 31 million shares of stock outstanding, what was net income for the most recent four quarters? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)
You are given the following information: Stockholders? equity = GHS1,250; price/earnings ratio = 5; shares outstanding = 25; and %3D market/book ratio = 1.5. %3D Calculate the market price of a share of the company?s stock. O A. GHS 33.33 B. GHS 75.00 C. GHS 10.00 D. GHS166.67 O E. GHS133.32
You’ve collected the following information from your favorite financial website. 52-Week Price Stock (Dividend) Dividend Yield % PE Ratio Close Price Net Change Hi Lo 77.40 10.43 Acevedo .36 2.6 6 13.90 −.24 55.81 33.42 Georgette, Incorporated 1.54 3.8 10 40.43 −.01 130.93 69.50 YBM 2.00 2.2 10 88.97 3.07 50.28 13.99 Manta Energy .84 5.4 6 15.47 −.26 35.00 20.74 Winter Sports .32 1.5 28 ??question mark .18 According to your research, the growth rate in dividends for Manta Energy for the previous 10 years has been negative 14 percent. If investors feel this growth rate will continue, what is the required return for the stock? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
You've collected the following information from your favorite financial website. 52-Week Price Hi 77.40 Lo 10.43 Stock (Dividend) Dividend Yield PE Close Ratio Price Net Change Acevedo .36 2.6 6 13.90 -.24 55.81 33.42 Georgette, Incorporated 1.54 3.8 10 40.43 -.01 130.93 69.50 YBM 2.00 2.2 10 88.97 3.07 50.28 35.00 13.99 Manta Energy .84 5.4 6 15.47 -.26 20.74 Winter Sports .32 1.5 28 ?? .18 According to your research, the growth rate in dividends for Manta Energy for the previous 10 years has been negative 14 percent. If investors feel this growth rate will continue, what is the required return for the stock? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Required return %
You've collected the following information from your favorite financial website. 52-Week Price Lo 10.43 Acevedo .36 33.42 Georgette, Incorporated 1.54 69.80 YBM 2.30 Manta Energy .80 13.95 20.74 Winter Sports .32 Hi 77.40 55.81 130.99 50.24 35.00 Current stock price Stock (Dividend) Dividend PE Yield % Ratio Stock currently 2.6 3.8 2.6 5.2 1.5 6 10 10 28 Close Price 13.90 40.43 89.03 15.43 ?? According to analysts, the growth rate in dividends for YBM for the next five years is expected to be 20.5 percent. Suppose YBM meets this growth rate in dividends for the next five years and then the dividend growth rate falls to 5.5 percent, indefinitely. Assume investors require a return of 12 percent on YBM stock. According to the dividend growth model, what should the stock price be today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Net Change -.24 -.01 3.07 -.26 .18 Based on these assumptions, is the stock currently overvalued,…
Using the stock table for Dell Technologies below, calculate the earnings per share. Round your answer to the nearest cent.Do not include the $ in your answer.Dell TechnologiesDVMT$66.26$66.40-$66.96$42.02-568.25NameSymbolCloseDay Range52-Week RangeVolumeP/EDividendDividend YieldEPS895,028103.53$0.000%?
You've collected the following Information from your favorite financial website. 52-Week Price Dividend Hi 77.40 Lo 10.43 Stock (Dividend) Yield % PE Ratio Close Price Net Change Acevedo .36 2.6 6 13.90 -.24 55.81 33.42 Georgette, Incorporated 1.54 3.8 10 40.43 -.01 130.93 69.50 YBM 2.00 2.2 10 88.97 3.07 50.39 35.00 14.10 20.74 Manta Energy .95 6.1 6 15.58 -.26 Winter Sports .32 1.5 28 ?? .18 According to your research, the growth rate in dividends for Manta Energy for the previous 10 years has been negative 11 percent. If Investors feel this growth rate will continue, what is the required return for the stock? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Required return %
You've collected the following information from your favorite financial website 52-Week Price Hi Lo Stock (Dividend) Dividend Yield % PE Ratio Close Price Net Change 77.40 10.43 Acevedo .36 2.6 6 13.90 -.24 55.81 33.42 Georgette, Incorporated 1.54 3.8 10 40.43 -.01 131.03 70.00 YBM 2.50 2.8 10 89.07 3.07 50.24 35.00 13.95 Manta Energy .80 5.2 6 15.43 -.26 20.74 Winter Sports .32 1.5 28 18 According to analysts, the growth rate in dividends for YBM for the next five years is expected to be 20.5 percent. Suppose YBM meets this growth rate in dividends for the next five years and then the dividend growth rate falls to 5.5 percent, indefinitely. Assume investors require a return of 15 percent on YBM stock. According to the dividend growth model, what should the stock price be today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Current stock price Based on these assumptions, is the stock currently overvalued, undervalued, or correctly…

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