Mockingbird Resources is expected to pay a dividend of $2.71 per share in one year. Thereafter, dividends will grow two percent per year forever. The current stock price is $19.60. If you require a return of 15 percent per year, should you buy the stock today? Why or why not?

You feel that you will need $2.9 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.9 percent compounded monthlyand plan to save $410 per month until you reach your goal. How many years will it be until you reach your goal and retire?

A stock currently sells for $51. The dividend yield is 2.9 percent and the dividend growth rate is 4.2 percent. What is the amount of the dividend that was just paid?

Leslie’s Unique Clothing Stores offers a common stock that pays an annual dividend of $3.10 a share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn a return of 14.50 percent on your equity investments?

What is the future value of $2,800 per year for 20 years at an interest rate of 6.87 percent?

Powell’s has net income for the most recent year of $24,650 and a combined federal and state tax rate of 24 percent. The firm paid $1,800 in total interest expense and deducted $2,900 in depreciation expense. What was the cash coverage ratio for the year?

Flex Company just paid total dividends of $625,000 and reported additions to retained earnings of $1,875,000. The company has 535,000 shares of stock outstanding and a benchmark PE of 15.5 times. What stock price would you consider appropriate?

Coulter Supply has a total debt ratio of .46. What is the equity multiplier?

Qiaochu purchased a parcel of land costing $67,900. Today, that land is valued at $64,800. How long has she owned this land if the price has been decreasing by 1.5 percent per year?

Echo Point has sales of $2,800, total assets of $1,900, and a debt-equity ratio of .5. Its return on equity is 15 percent. What is the net income?