5 pts The market consensus is that Analog Electronic Corporation has an ROE = 9% and a beta of 2.05. It plans to maintain indefinitely its traditional plowback ratio of 1/3. This year's earnings were $3.8 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 15%, and T-bills currently offer a 5% return. Find the price at which Analog stock should sell. (Do not round intermediate calculations. Round your answer to 2 decimal places.) The market consensus is that Analog Electronic Corporation has an ROE = 9% and a beta of 2.05. It plans to maintain indefinitely its traditional plowback ratio of 1/3. This year's earnings were $3.8 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 15%, and T-bills currently offer a 5% return. Suppose your research convinces you Analog will announce momentarily that it will immediately change its plowback ratio to 2/3. Find the intrinsic value of the stock. (Do not round intermediate calculations. Round your answer to 2 decimal places.) The stock of Nogro Corporation is currently selling for $20 per share. Earnings per share in the coming year are expected to be $4. The company has a policy of paying out a fraction of 0.5 of its earnings each year in dividends. The rest is retained and invested in projects that earn an ROE of 20%. This situation is expected to continue indefinitely. 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. Enter the answer as a decimal rounded to 4 decimal places.) The stock of Nogro Corporation is currently selling for $20 per share. Earnings per share in the coming year are expected to be $4. The company has a policy of paying out a fraction of 0.5 of its earnings each year in dividends. The rest is retained and invested in projects that earn an ROE of 20%. This situation is expected to continue indefinitely. By how much does its value exceed what it would be if all earnings were paid as dividends and nothing were reinvested, i.e., what is the PVGO? (Do not round intermediate calculations. Enter the answer as a numerical number rounded to 2 decimal places.)