What is its price per share if the firms equity cost of


1. If you own 15,000 shares of stock of Nike and it pays a dividend of $ 0.21 per? share, then what is the total dividend you will? receive?

2. Ovit, Inc. has preferred stock with a price of $ 20.00 and a dividend of $ 1.50 per year. What is its dividend? yield?

The dividend yield is______%

3. Summit Systems will pay a dividend of $ 1.57 this year. If you expect? Summit's dividend to grow by 5.1% per? year, what is its price per share if the? firm's equity cost of capital is 11.1 %?

The price per share is ?$_____

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Financial Management: What is its price per share if the firms equity cost of
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