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2. Ricky Bobby Incorporated stock is selling for $16.48 this morning. Analysts believe the stock will...

2. Ricky Bobby Incorporated stock is selling for $16.48 this morning. Analysts believe the stock will sell for $19.57 in one year. The stock is expected to pay a $0.58 dividend per share. What return will you earn if you purchase now?

3. CPJ Industries has a share price today of $22.39. If CPJ is expected to pay a dividend of $0.69 per share this coming year, and the stock price is expected to grow to $22.76 by the end of the year.

a. What is CPJ’s expected dividend yield?
b. What is CPJ’s expected capital gain yield?
c. What is CPJ’s expected total return?

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