1. The dividend yield is defined as:
a. the current dividend divided by the current market value per share.
b. the current dividend divided by the current book value per share.
c. next year's expected dividend divided by the current market value per share.
d. next year's expected dividend divided by next year's expected market value per share.
e. next year's expected dividend divided by the current book value per share.
2. Just paid dividend of $3.40. it expects dividends to grow by 10% the next two years, and then %4 thereafter. if you believe the required return on SPIDER's stock should be 11% what is the fair price for a share of its stock today