FIN 515 Week 6 Exam Set 1

Apr 24th, 2015
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FIN 515 Week 6 Exam Set 1

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Grading SummaryThese are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 10/12/2011Time Spent:4 h , 49 min , 11 secs Points Received:90 / 100 (90%) Question Type:# Of Questions:# Correct:Multiple Choice99Essay1N/AGrade Details1.Question :(TCO D) A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 11.4%, what is the stock price?Student Answer:$16.28 $16.70 $17.13 $17.57 $18.01 Instructor Explanation:Chapter 7Points Received:10 of 10 Comments:2.Question :(TCO D) If D0 = $2.25, g (which is constant) = 3.5%, and P0 = $50, what is the stock's expected dividend yield for the coming year?Student Answer:4.42% 4.66% 4.89% 5.13% 5.39% Instructor Explanation:Chapter 7Points Received:10 of 10 Comments:3.Question :(TCO D) Carter's preferred stock pays a dividend of $1.00 per quarter. If the price of the stock is $45.00, what is its nominal (not effective) annual rate of return?Student Answer:8.03% 8.24% 8.45% 8.67% 8.89% Instructor Explanation:Chapter 7Points Received:10 of 10 Comments:4.Question :(TCO E) Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be so large that it would have to issue new common stock. S

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