Question: Todd Mountain Development Corp is expected to pay a dividend of $4 in the upcoming year. Dividends are expected to grow at the rate of

Todd Mountain Development Corp is expected to pay a dividend of $4 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The Risk-free rate is 4% and the Expected return is 16%. The stock of Todd Mountain Development Corp has a beta of .8. Using the constant growth DDM, the intrinsic value of the stock is

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