Respuesta :
Answer:
we must first determine the current price of the stocks:
W = $3.30 / (12% - 10%) = $165
X = $3 / 12% = $25
Y = $2.88 / (12% + 4%) = $18
Z = $3.60/1.12 + $4.32/1.12² + $237.60/1.12² (terminal value at year 2) = $3.21 + $3.44 + $189.41 = $196.06
current year's dividend yield:
- W = $3 / $165 = 1.8%
- X = $3 / $25 = 12%
- Y = $3 / $18 = 16.7%
- Z = $3 / $196.06 = 1.5%
now we must determine the price of the stocks in one year:
W = $3.63 / (12% - 10%) = $181.50
X = $3 / 12% = $25
Y = $2.7648 / (12% + 4%) = $17.28
Z = $4.32/1.12 + $237.60/1.12 = $3.86 + $212.14 = $216
capital gains yield:
- W = ($181.50 - $165) / $165 = 10%
- X = ($25 - $25) / $25 = 0
- Y = ($17.28 - $18) / $18 = -4%
- Z = ($216 - $196.06) / $196.06 = 10.2%