Question: Solve Part B Please Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $45.26 per share. She expects the price of

 Solve Part B Please Melissa Popp is thinking about buying some

Solve Part B Please

Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $45.26 per share. She expects the price of the stock to rise to $55.24 over the next 3 years. During that time she also expects to receive annual dividends of $5.88 per share a. What is the intrinsic worth of this stock, given a required rate of return of 9%? b. What is its expected return? a. The intrinsic worth of this stock is $ 57.54 (Round to the nearest cent.) b. The expected return is %. (Round to one decimal place.)

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