12. Joanie's will pay an annual dividend of $2.23 per share next year. The company just announced that future dividends will be increasing by 2.1% annually. How much are you willing to pay for one share of this stock if you require a rate of return of 9.8%? C9 A. $15.14 B. $28.96 C. $29.78 D. $26.12 E. $29.32 13. Queenies has an expected return of 16.1%, the risk-free rate is 3.9%, and the market risk premium is 9.8%. What must the beta of Queenies be? C8 A. 1.67 B. .94 C. 2.04 D. 2.21 E. 1.33 14. Stango is expected to pay annual dividends of $1.23 and $1.25 at the end of the next two years, respectively. In year 3, the company expects to pay a dividend of $1.45 a share, that will then continue to grow at 1% per year. What is the P2 value of this stock at a required return of 13.4%? C9 A. $6.07 B. $8.90 C. $9.38 D. $11.08 E. $11.69 15. What is the expected return of stock A? C8 A. 10.91% B. 11.90% C. 13.28% D. 14.27% E. 14.31%