20. What is the fair value of stock (FIN 361) given the following information: Do $4, required rate of return = 10%, growth rate in dividends-year l (-20%), year 2 (56%), year 3 (26%) and year 4 (096). a 8.33 b. 12.33 c. 16.33 d 20.33 e. 24.33 21. You write a December 2015 call on XYZ at an exercise price of $50. You receive a premium of $10. The market price does not exceed $45 until the new year (January 2016). Your profit or loss will be a $50 b. $45 c. $10 d. $5