MICROFINANCE

26. Buying Stock with a Market Order You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $96.17 and $96.24, respectively. You place a market buy-order for 100 shares that executes at these quoted prices. How much money did it cost to buy these shares?
A. $7.00
B. $9,617.00
C. $9,624.00
D. $19,241.00

 

27. Buying Stock with a Market Order You would like to buy shares of Nokia (NOK). The current bid and ask quotes are $20.13 and $20.15, respectively. You place a market buy-order for 300 shares that executes at these quoted prices. How much money did it cost to buy these shares?
A. $6.00
B. $6,039.00
C. $6,045.00
D. $12,084.00

 

28. Selling Stock with a Limit Order You would like to sell 100 shares of Pfizer, Inc. (PFE). The current bid and ask quotes are $27.22 and $27.25, respectively. You place a limit sell-order at $27.24. If the trade executes, how much money do you receive from the buyer?
A. $2,722.00
B. $2,724.00
C. $2,725.00
D. $5,446.00

 

29. Selling Stock with a Limit Order You would like to sell 400 shares of International Business Machines (IBM). The current bid and ask quotes are $96.24 and $96.17, respectively. You place a limit sell-order at $96.20. If the trade executes, how much money do you receive from the buyer?
A. $38,464.00
B. $38,468.00
C. $38,480.00
D. $38,496.00

 

30. Value of a Preferred Stock If a preferred stock from Pfizer Inc. (PFE) pays $3.00 in annual dividends, and the required return on the preferred stock is 7 percent, what’s the value of the stock?
A. $0.21
B. $0.43
C. $21.00
D. $42.86

 

31. Value of a Preferred Stock If a preferred stock from Ecology and Environment, Inc. (EEI) pays $2.50 in annual dividends, and the required return on the preferred stock is 5.8 percent, what’s the value of the stock?
A. $0.15
B. $0.43
C. $14.50
D. $43.10

 

32. P/E Ratio and Stock Price International Business Machines (IBM) has earnings per share of $6.85 and a P/E ratio of 15.19. What is the stock price?
A. $0.45
B. $2.22
C. $45.09
D. $104.05

 

33. P/E Ratio and Stock Price Pfizer, Inc. (PFE) has earnings per share of $2.09 and a P/E ratio of 11.02. What is the stock price?
A. $0.19
B. $5.27
C. $18.97
D. $23.03

 

34. P/E Ratio and Stock Price Ralph Lauren (RL) has earnings per share of $3.85 and a P/E ratio of 17.37. What is the stock price?
A. $0.22
B. $4.51
C. $22.16
D. $66.87

 

35. Value of Dividends and Future Price A firm is expected to pay a dividend of $2.00 next year and $2.14 the following year. Financial analysts believe the stock will be at their target price of $75.00 in two years. Compute the value of this stock with a required return of 10 percent.
A. $65.40
B. $66.67
C. $65.57
D. $79.14

 

36. Value of Dividends and Future Price A firm is expected to pay a dividend of $3.00 next year and $3.21 the following year. Financial analysts believe the stock will be at their target price of $80.00 in two years. Compute the value of this stock with a required return of 13 percent.
A. $50.00
B. $67.52
C. $67.82
D. $86.21

 

37. Dividend Growth Annual dividends of Wal-Mart Stores (WMT) grew from $0.23 in 2000 to $0.83 in 2007. What was the annual growth rate?
A. 2.61%
B. 20.12%
C. 37.29%
D. 260.87%

 

38. Dividend Growth Annual dividends of Pfizer, Inc. (PFE) grew from $0.38 in 2000 to $1.15 in 2007. What was the annual growth rate?
A. 2.02%
B. 17.14%
C. 28.95%
D. 202.63%

 

39. Value a Constant Growth Stock Financial analysts forecast Best Buy Company (BBY) growth for the future to be 13 percent. Their recent dividend was $0.49. What is the value of their stock when the required rate of return is 14.13 percent?
A. $3.92
B. $4.90
C. $43.36
D. $49.00

 

40. Value a Constant Growth Stock Financial analysts forecast Target Corp (TGT) growth for the future to be 11 percent. Their recent dividend was $0.52. What is the value of their stock when the required rate of return is 11.89 percent?
A. $5.25
B. $6.48
C. $58.43
D. $64.85

 

41. Expected Return American Eagle Outfitters (AEO) recently paid a $0.38 dividend. The dividend is expected to grow at a 15.5 percent rate. At the current stock price of $24.07, what is the return shareholders are expecting?
A. 15.50%
B. 15.52%
C. 17.08%
D. 17.32%

 

Order now and get 10% discount on all orders above $50 now!!The professional are ready and willing handle your assignment.

ORDER NOW »»