Question: Could you please answer and show all steps used to calculate your answer. Thank you 23. A stock is currently selling for $100 and pays
Could you please answer and show all steps used to calculate your answer. Thank you

23. A stock is currently selling for $100 and pays a constant $6 dividend per share. What do markets espect the stock price to be in one year if the appropriate risk-free rate is 3%, the market portfolio is expected to earn 9% over the course of the year, and the stock has a beta of 1.12 24. Suppose that the risk-free rate of retum is 1.5% and that the expected retum on the market over the next year is 8%. If a firm pays a constant dividend of $3.40 and has a beta of 0.6, then what is the intrinsic value of one share of the firm's stock
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