Question: QUESTION 27 1 pc An analyst reports the intrinsic value of Pioneer company as $105. The company is assumed to grow at a rate of

QUESTION 27 1 pc An analyst reports the intrinsic value of

QUESTION 27 1 pc An analyst reports the intrinsic value of Pioneer company as $105. The company is assumed to grow at a rate of 8% per year forever. The current market price is $101 and the company has just paid a dividend of $6. If the analyst expects the market price to be equal to the intrinsic value 1 year from now, what is the expected 1-year holding period return on Pioneer company (approximately)? . 16.55% B. 12.28% 25.56% D. 18.69%

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