Problem 1 1. Using the following data, find the expected rate of return for an investment in SBC, Corporation's stock. SBC's dividend (for next year) SBC's stock price Security analysts' expected annualized growth rate for SBC's dividend 1.13 22.60 6% a) What is the risk-adjusted discount rate for SBC's equity? b) If you thought you should get a 10 percent rate of return from SBC and agreed with the growth forecasts, at what price should SBC sell