1. (1 point) MMK's common stock has a beta of 0.50. The expected return on the market is 12% and the risk-free rate, rr, is 3%. MMK expects to pay a dividend of S3.00 next year, and the dividend is expected to grow at 4% per year forever. The price of MMK common stock should be $ a. 90.21 b. 81.25 c. 85.71 d. 74.13 c. None of the above