1. A preferred stock from Hecla Mining Co. (HLPRB) pays $3.40 in annual dividends.
If the required return on the preferred stock is 6.40 percent, what is the value of the stock?
2. Ultra Petroleum (UPL) has earnings per share of $1.41 and a P/E ratio of 32.64.
What's the stock price? (Round your answer to 2 decimal places.)
3. Financial analysts forecast Limited Brands (LTD) growth rate for the future to be 13.5 percent. LTD's recent dividend was $0.65.
What is the value of Limited Brands stock when the required return is 15.5 percent? (Round your answer to 2 decimal places.)