Question: Question 1 2 points Save Answer Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming year. Dividends are expected

Question 1 2 points Save Answer Todd Mountain Development Corporation is

Question 1 2 points Save Answer 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 11% per year. The risk-free rate of return is 8%, and the expected return on the market portfolio is 18%. The stock of Todd Mountain Development Corporation has a beta of 0.70. Using the constant-growth DDM, the intrinsic value of the stock is 2727 11.54 8.80 75.00

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