4 oped Required: Jand, Incorporated, currently pays a dividend of $1.22, which is expected to grow indefinitely at 5%. If the current value of Jand's shares based on the constant-growth dividend discount model is $32.03, what is the required rate of return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Required rate of return 1 points Skopped eBook Print References CD Bargain Barn is forecasting earnings per share of $3.15 next year. Its investors require a return of 14.5%. Required: o. What is the no-growth value of CD's stock? (Round your answer to 3 decimal places.) No-growth value b. If the stock's price is currently $38, what is the present value of growth opportunities (PVGO)? (Round your answer to 3 decimal places.) PVGO Che c. What is the implied P/E ratio for CD's stock? (Round your answer to 2 decimal places.) Implied P/E ratio 8 The stock of Nogro Corporation is currently selling for $40 per share. Earnings per share in the coming year are expected to be $6. The company has a policy of paying out 40% of its earnings each year in dividends. The rest is retained and invested in projects that earn a 15% rate of return per year. This situation is expected to continue indefinitely 5 pos Skppest ebook Phine References Required: a. Assuming the current market price of the stock reflects its intrinsic value as computed using the constant-growth DDM, what rate of return do Nogro's investors require? (Do not round intermediate calculations.) Rate of return A b. By how much does its value exceed what it would be if all earnings were paid as dividends and nothing was reinvested? PVGO 6