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26. Royal Jordanian Airline is expected to pay a dividend of $8 in the coming year. Dividends are expected to grow at the rate of
26. Royal Jordanian Airline is expected to pay a dividend of $8 in the coming year. Dividends are expected to grow at the rate of 15% per year. The risk-free rate of return is 6% and the expected return on the market portfolio is 14%. The stock of Royal Jordanian has a beta of 3.00. The intrinsic value of the stock is (2 Points) none of the above $53.33 $50.00 $62.50 $56.00
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