a. $80 b. $133.33 c. $200 d. $400 e. none of the above

Old Quartz Gold Mining Company is expected to pay a dividend of $8 in the coming year Dividends are expected to decline at the rate of 2% per year. The risk-free rate of return is 6% and the expected return on the market portfolio is 14%. The stock of Old Quartz Gold Mining Company has a beta of -0.25. The intrinsic value of the stock is $80.00