7/16 HELP! I HAVE A TIMED ASSIGNMENT. THERE ARE OTHER QUESTIONS POSTED. THANK YOU!

The company has a beta coefficient of 1.5. Bernadette Beignets' latest earnings were $6.00 per share. The company pays out 25% of its earnings in dividends. Dividends were just paid and are expected to be paid annually. You expect that Bernadette Beignets will earn an ROE of 18% per year on all reinvested earnings forever. Assume a risk-free rate of 4% and an expected rate of return on the market portfolio of 12%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Intrinsic value If the market price of a share of Bernadette Beignets is currently $70, and you expect the market price to be equal to the intrinsic value one year from now, what is your expected 1-year holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected one-year holding-period return %