【正文】 between the discount rate and the rate of change in the annual dividend amount?Capital gain modelD.s: KnowledgeDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Dividend growth modelthe current annual cash dividend divided by the current market price per share.B.next year39。s expected market price per share.Refer to section .The capital gains yield equals which one of the following?Market rate of returnD.s: KnowledgeDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Capital gains yieldConvertible bondB.Straight bond24.Increase in the required returnC.Bloom39。A.D1 180。Bloom39。s expects to pay an annual dividend of $ per share next year. What is the anticipated dividend for year 5 if the firm increases its dividend by 2 percent annually?$ 180。$ 180。Bloom39。A.Dividend yield capital gains yieldE.s: ComprehensionDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Required return($) ( 180。 3) ( 180。($) ()3 ()2Refer to section .Aardvark, Inc. pays a constant annual dividend. At the end of trading on Wednesday, the price of its stock was $28. At the end of trading on the following day, the stock price was $27. As a result of the decline in the stock39。 remained constantB. increasedD. decreasedRefer to section .Which one of the following must equal zero if a firm pays a constant annual dividend?Total returnD.s: ComprehensionDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Capital gains yieldI onlyB.I, II, III, and IVRefer to section .Kate owns a stock with a market price of $31 per share. This stock pays a constant annual dividend of $ per share. If the price of the stock suddenly increases to $36 a share, you would expect the: I. dividend yield to increase.II. dividend yield to decrease.III. capital gains yield to increase.IV. capital gains yield to decrease.III onlyD.s: ComprehensionDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Dividend and capital gain yieldNondividendpaying stockB.Stock with growing dividends for a limited period of timeRefer to section .Jensen Shipping has four open seats on its board of directors. How many shares will a shareholder need to control to ensure that his or her candidate is elected to the board given the fact that the firm uses straight voting? Assume one share equals one vote.1/3 of the shares plus one voteD.A.$E.s: AnalysisDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Dividend amount$B.$D5 = $ 180。53.$C.AACSB: AnalyticBloom39。A. percentE.55.$C. $24 = $Healthy Foods just paid its annual dividend of $ a share. The firm recently announced that all future dividends will be increased by percent annually. What is one share of this stock worth to you if you require a 14 percent rate of return?$D.AACSB: AnalyticBloom39。A.$E.58.$C. ( ) = $The mon stock of MidTowne Movers is selling for $33 a share and has a 9 percent rate of return. The growth rate of the dividends is 1 percent annually. What is the amount of the next annual dividend?$D.AACSB: AnalyticBloom39。s Marina is expected to pay an annual dividend of $ next year. The stock is selling for $ a share and has a total return of 12 percent. What is the dividend growth rate? percentD.s: AnalysisDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Dividend growth model$B.$P5 = [$ 180。62.$C. ()3]/( ) = $Capital gain = $ $ = $Blackwell Ink is losing significant market share and thus its managers have decided to decrease the firm39。$C. (1 )/[ (] = $Lamey Headstones increases its annual dividend by percent annually. The stock sells for $ a share at a required return of 14 percent. What is the amount of the last dividend this pany paid?$D. D0 = $The mon stock of Tasty Treats is valued at $ a share. The pany increases its dividend by 8 percent annually and expects its next dividend to be $ per share. What is the total rate of return on this stock? percentD.s: AnalysisDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Total return$B.$P6 = ($ 180。67.$C.AACSB: AnalyticBloom39。A.$E. )/} + {($ 180。s: AnalysisDifficulty: IntermediateLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Irregular growth$B.$P2 = ($) = $P0 = [$] + [($ + $)/] = $General Importers announced today that its next annual dividend will be $ per share. After that dividend is paid, the pany expects to encounter some financial difficulties and is going to suspend dividends for 5 years. Following the suspension period, the pany expects to pay a constant annual dividend of $ per share. What is the current value of this stock if the required return is 18 percent?$D.s: AnalysisDifficulty: IntermediateLearning Objective: 0701 Assess how stock prices depend on future dividends and dividend growth.Section: Topic: Irregular dividends$B.$P5 = ($ 180。74.$C. )/] + [(1 180。 180。75.$C. )/( ) = $P0 = [$] + [($ + $)/ = $A stock has a market price of $ and pays a $ annual dividend. What is the dividend yield? percentD.s: AnalysisDifficulty: BasicLearning Objective: 0701 Assess how stock prices depend on future dividend