Question: Please show work for calculations and formulas to understand better (no excel) 6. Caribou Gold Mining Corporation is expected to pay a dividend of D1=$6

Please show work for calculations and formulas to understand better (no excel)

6. Caribou Gold Mining Corporation is expected to pay a dividend of D1=$6 in the upcoming year. Dividends are expected to decline at the rate of 3% per year (g=-3%, NOT g=3, in your formula). The risk-free rate of return is 5%, and the expected return on the market portfolio is 13%. The stock of Caribou Gold Mining Corporation has a beta of.5. Using the constant-growth DDM, what is the intrinsic value of the stock

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