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Billings Metals Corp.just paid a $4.40 dividend to its common stockholders. You expect these dividends to grow at a constant annual rate of 5% indefinitely.

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Billings Metals Corp.just paid a $4.40 dividend to its common stockholders. You expect these dividends to grow at a constant annual rate of 5% indefinitely. Assume the risk-free rate is 3% and the market risk premium is 7%. If Billings Metals has a beta of 0.8, what is the intrinsic value of its common stock? Select one: a. $46.20 b. $91.60 c. $128.33 d. $385.00 BYX Corp.just paid a $3.20 dividend to its common stockholders. You expect these dividends to grow at a constant annual rate of 5% indefinitely. Assume the risk-free rate is 3% and the market risk premium is 7%. At what rate do you expect the price of BYX common stock to increase? Select one: a. 5% 6.7% c. 10% d. 3%

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