Consider a company which is expected to pay a dividend next year of 3.2 per share. The expected ROE is 0.072. The required rate of return is 0.06. If the firm has a dividend ratio of 0.53, its intrinsic value using the DDM should be: You are examining a company valued by the market at 94 per share. The company pays a current annual dividend of 6.16 per share, and this is estimated to grow at a rate of 0.03 per year indefinitely. What is the required rate of return on this stock using the constant growth dividend discount model? Using the two-stage DDM, what is the intrinsic value of a firm with current dividends of 1.22 per share, a discount rate of 0.11, and growth for the first 8 years of 0.145 after which the firm is expected to grow at a rate of 0.05 ? Using the three-stage DDM, what is the intrinsic value of a firm with current dividends of 4.92 per share, a discount rate of 0.1, and growth for the first 6 years of 0.165, after which growth will decline at a constant rate until year 11 and then the firm will grow indefinitely at a rate of 0.03