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(a) Michael, a stock analyst estimates that Comcast shares will provide a return of 4%, 8% and 12% with a probability of 20%, 60% and
(a) Michael, a stock analyst estimates that Comcast shares will provide a return of 4%, 8% and 12% with a probability of 20%, 60% and 20%, respectively. Calculate Comcast's coefficient of variation. (5 marks) (b ) CEO of Alpha Inc. is targeting a minimum intrinsic value of $120 for the company's stock. The company just paid a dividend of $2 per share. The dividend is expected to grow at 12% per annum for 2 years, after which dividends are expected to grow at a constant annual rate g forever. Alphas required rate of return is 10%. Calculate the minimum value of g
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