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( 2 0 ) Yubaba Corp. has paid the same $ 1 . 2 0 / year dividend per share on its common stock for

(20) Yubaba Corp. has paid the same $1.20/year dividend per share on its common stock for the last 20 years and you expect it will continue to pay the same dividend into the foreseeable future. Youestimate the required return for Yubaba stock to =12%. Your estimate of the intrinsic (true(a) $10.00economic) value of this stock is(b) $1.20(c) $12.00(d) $12.20(e) none of the above

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