Question: please explain the steps on how to solve for the correct answer. thanks! The price of Asset C today is P0=$77 and expected return is

please explain the steps on how to solve for the correct answer. thanks!

The price of Asset C today is P0=$77 and expected return is 9%. Asset C 's required return is 14%. Calculate Asset C 's intrinsic value ( V0). Express your answer as a decimal with two digits after the decimal point (e.8. 12.34). 77,00 Correct Answer: 73.62

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