Question: i need help with this question in 10 min please Todd Mountain Development Corporation is expected to pay a dividend of $4 in the upcoming
Todd Mountain Development Corporation is expected to pay a dividend of $4 in the upcoming year. Dividends are expected to grow at the rate of 5% per year. The risk-free rate of return is 5%, and the expected return on the market portfolio is 15%. The stock of Todd Mountain Development Corporation has a beta of 1.2. Using the constant-growth DDM, the intrinsic value of the stock is 25 16.67 44.44 33.33
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