27. Dr. Lee plans to add Sony, Inc. stock to his investment portfolio. The stock just paid a dividend of $1.50. He expects that the dividend will grow at 20% for the next two years and 4% forever after that. Assuming a discount rate of 12%, Dr. Iee knows that Sony, Inc stock is worth a. 22.83 b. 25.71 c. 29.42 d. 33.16 e. 37.50 28. If Martin observes that the risk-free rate is 1% and the market return is 9% then, according to that for a stock with a beta of 1.5, the the Capital Asset Pricing Model (CAPM), he knows required rate of return will be a. 8.2 b. 9.8 d. 13.0 e. 14.6