Question: Part C (Written Response - 7 marks) Question 22 (? points} 1ll'lllhizz Corp. has recently paid a dividend of $3 per share. You expect that

Part C (Written Response - 7 marks) Question 22 (? points} 1ll'lllhizz Corp. has recently paid a dividend of $3 per share. You expect that the dividend will be $5 next year lt=1l, increase 20% the following year lt=2l, then grow at a rate of 5% indefinitely (after t=2). The beta of Whiz: Corp is 2. You estimate that the risk-free rate is 5%, and the expected return of the market is 12% . The company's tax rate is 0%. If your estimations are correct, what is the yalue of the stock today? Paragraph v B I U v A! ::v IIII ( or .= + ( IU- In

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