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18. Suppose currently T-bill rate is 2% and S&P 500 return is 10%. The beta of Lithium, Inc is 1.8. Lithium, Inc just paid a

18. Suppose currently T-bill rate is 2% and S&P 500 return is 10%. The beta of Lithium, Inc is 1.8. Lithium, Inc just paid a dividend of 1.3 dollars per share, and dividend has a growth rate of 9%. What is the intrinsic value of Lithium, Inc stock per share? A) 17.41 B) 15.58 C) 19.15 D) 20.46

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