25. Recalculate the intrinsic value of Honda using the three-stage growth model of Spreadsheet 13.1(available at www.mhhe.com/bkm; link to Chapter 13 material). Treat each of the following scenarios independently. (LO 13-2) a. ROE in the constant-growth period will be 9%. b. Hondas actual beta is .95. c. The market risk premium is 8.5%.

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