Question: 9. For two utility stocks, the table below provides the expected dividend for the next year, the current market price, the expected dividend growth rate,

9. For two utility stocks, the table below provides the expected

9. For two utility stocks, the table below provides the expected dividend for the next year, the current market price, the expected dividend growth rate, and the beta. The risk-free rate is currently 1.2%, and the market risk premium is 3.5%. (a) Calculate the required rate of return using the Gordon growth model. (b) Calculate the expected rate of return using the CAPM

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