公司理财精要版原书第12版习题库答案Ross12e_Chapter12_TB.pdfVIP

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12版习题库答案

Ross12e_Chapter12_TB

Chapter12SomeLessonsfromCapitalMarketHistory

1)Stacypurchasedastocklastyearandsoldittodayfor$4

asharemorethanherpurchaseprice.Shereceivedatotalof

$1.15pershareindividends.Whichoneofthefollowing

statementsiscorrectinrelationtothisinvestment?

A)Thedividendyieldisexpressedasapercentageofthepar

value.

B)ThecapitalgainwouldhavebeenlesshadStacynot

receivedthedividends.

C)Thetotaldollarreturnpershareis$2.85.

D)Thecapitalgainsyieldispositive.

E)Thedividendyieldisgreaterthanthecapitalgainsyield.

2)Whichoneofthefollowingcorrectlydescribesthe

dividendyield?

A)Nextyearsannualdividenddividedbytodaysstockprice

B)Thisyearsannualdividenddividedbytodaysstockprice

C)Thisyearsannualdividenddividedbynextyears

expectedstockprice

D)Nextyearsannualdividenddividedbythisyearsannual

dividend

E)Theincreaseinnextyearsdividendoverthisyears

dividenddividedbythisyearsdividend

3)BaysideMarinajustannounceditisdecreasingitsannual

dividendfrom$1.48pershareto$1.45pershareeffective

immediately.Ifthedividendyieldremainsatitspre-

announcementlevel,thenyouknowthestockprice:

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