6. Financial analysts are gathering information to analyze traditional retail stocks. . rf = 4%, Beta = 1.2, market rm = 6%, estimated from professional team analysis Profit information: The current profit is 4 yuan per share, and the dividend ratio has been stable at 25% for a long time. Earnings growth will be 10%, 8%, and 5% in the next three years, respectively. Earnings then grew steadily at a rate of 3% per year. Use the steady growth model to estimate (1) what the current stock price of the company should be if the stock price is reasonable? (2) If the risk changes and the stock beta becomes 1, with the same model and information, should the stock price rise or fall, and what is the new stock price?