Question: A IS CORRECT. I am looking for the answer for B. Its not 16.4% and it is not 16.5 percent. Melissa Popp is thinking about

A IS CORRECT. I am looking for the answer for B. Its not 16.4% and it is not 16.5 percent.

A IS CORRECT. I am looking for the answer for B.

Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $57.43 per share. She expects the price of the stock to rise to $71.49 over the next 3 years. During that time she also expects to receive annual dividends of $3.46 per share. a. What is the intrinsic worth of this stock, given a 9% required rate of return? b. What is its expected return? a. The intrinsic worth of this stock is $ 63.96. (Round to the nearest cent.) b. The expected return is 116.5%. (Round to one decimal place.)

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