Question: 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

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 12 % per year. The risk-free rate of return Is 6 %, and the expected return on the market portfollo is 16 %. The stock of Todd Mountain Development Corporation has a beta of 0.90. Using the constant-growth DDM, the intrinsic value of the stock is , 25.00 7.20 O11.11 100,00

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