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Bergenfield, Inc., is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 9% per

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Bergenfield, Inc., is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 9% per year. The risk-free rate of return is 5%, and the expected return on the market portfolio is 20%. The stock of Bergenfield, Inc., has a beta of 0.60. Using the constant-growth DDM, the intrinsic value of the stock is Multiple Choice 4.50 o 33.33 60.00 O o 13.04

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