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1.  Your discount brokerage firm charges $8.90 per stock trade.


How much money do you need to buy 250 shares of Time Warner, Inc. (TWX), which trades at $40.22?



2.  Your discount brokerage firm charges $8.45 per stock trade.

How much money do you need to buy 270 shares of Pfizer, Inc. (PFE), which trades at $34.92?


3.  Your full-service brokerage firm charges $160 per stock trade.

How much money do you receive after selling 190 shares of Nokia Corporation (NOK), which trades at $15.52? 


4. You would like to buy shares of Coldwater Creek, Inc. (CWTR). The current ask and bid quotes are $20.10 and $20.06, respectively. You place a market buy order for 210 shares that executes at these quoted prices.


How much money did it cost to buy these shares? 


5.  You would like to sell 220 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.36 and $4.32, respectively. You place a limit sell order at $4.35.


If the trade executes, how much money do you receive from the buyer


 6..  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?


7.  A firm is expected to pay a dividend of $1.65 next year and $1.80 the following year. Financial analysts believe the stock will be at their price target of $55 in two years.


Compute the value of this stock with a required return of 11.6 percent.



8.  Annual dividends of AT&T Corp (T) grew from $0.82 in 2000 to $1.31 in 2012.
 

What was the annual growth rate? 


9.  Ecolap Inc. (ECL) recently paid a $0.58 dividend. The dividend is expected to grow at a 12.50 percent rate. The current stock price is $56.92.

  

What is the return shareholders are expecting?


10.  Financial analysts forecast Safeco Corp.?s (SAF) growth rate for the future to be 12 percent. Safeco?s recent dividend was $1.50.

 

What is the value of Safeco stock when the required return is 14 percent?

 




1 Given,

 

Price of Stock

 

Number of shares

 

Charges

 


 

$40.22

 

250

 

8.9

 


 

Money required to buy 250 shares =

 

2 Given,

 

Price of Stock

 

Number of shares

 

Charges

 


 

$34.92

 

270

 

$8.45

 


 

Money required to buy 270...

 


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