An investment pays $3,000 at the beginning of years 3, 6, 9, 12, 15, 18 (i.e. 6 payments of $3,000 each). What is the PV as of today of these cash flows, if discounted at a nominal annual rate of 4% p.a. (rounded to the nearest $, do not type the $ sign)? You may want to draw a timeline and visualize the problem. QUESTION 57 ABC Company just paid out a dividend of $2 and expects this dividend to grow indefinitely at a rate of x% per year. ABC has 100,000 shares outstanding with a current market price of $26 per share. ABC's Beta is 1.5, the return on the market is 9%, and the risk-free rate is 3%. Calculate ABC's required rate of return, based on the CAPM. Show the result in %, 1 decimal place, do not type the % sign