Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 8 % per year. The risk-free rate of return is 5%, and the expected return on the market portfollo Is 20%. The stock of Todd Mountalin Development Corporation has a beta of 0.70. Using the constant-growth DDM, the intrinsic value of the stock is 4.00 12.77 37.50 40.00