A., using the infinite period dividend discount model (DDM).
· Sales of $1,000,000.
· Earnings of $150,000.
· Total assets of $800,000.
· Equity of $400,000.
· Dividend payout ratio of 60.0%.
· Average shares outstanding of 75,000.
· Real risk free interest rate of 4.0%.
· Expected inflation rate of 3.0%.
· Expected market return of 13.0%.
· Stock Beta at 2.1.
The per share value of FishnChips stock is approximately: (Note: Carry calculations out to at least 3 decimal places.)
B.Unable to calculate stock value because ke
D.$17.91.
E.$26.86.
第1题
A company has issued non-callable, non-convertible preferred stock with the following features:
· Par value per share: $10
· Annual dividend per share: $2
· Maturity: 15 years
An investor’s required rate of return is 8%, and the current market price per share of the preferred stock is $25. By comparing the estimated intrinsic value with the market price of the preferred stock, the most likely conclusion is that the preferred stock is:
A.fairly valued at $25.00.
B.undervalued by $15.00.
C.overvalued by $4.73.
请帮忙给出正确答案和分析,谢谢!
第2题
Assume a stock index consists of many firms who have recently split their stock. Which of the following weighting schemes will see a bias due to the impact of stock splits?
A.Unweighted price series.
B.Price-weighted series.
C.Market value-weighted series
请帮忙给出正确答案和分析,谢谢!
第3题
An investor purchases 200 shares of Merxx on margin. The shares are trading at $40. Initial and maintenance margins are 50% and 25%.
A.39.55%
B.53.75%
C.15.75%
请帮忙给出正确答案和分析,谢谢!
第4题
Austin Bruno, CFA, places a fill or kill, limit buy order at 92 for a stock. Bruno’s order specifies:
A.validity and execution instructions.
B.clearing and validity instructions.
C.clearing and validity instructions.
请帮忙给出正确答案和分析,谢谢!
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