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Blue Sky Corporation recently paid its annual dividend of $4.79 and reported an ROE of 5%. The firm pays out 50% of its earnings as

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Blue Sky Corporation recently paid its annual dividend of $4.79 and reported an ROE of 5%. The firm pays out 50% of its earnings as dividends. The stock has a bets of 1.07. The current risk-free rate is 3.68% and the market return is 18.00%. Assuming that CAPM holds, what is the intrinsic value of this stock! DO NOT ENTER THE S SIGN. ALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END. L. IF YOUR ANSWER IS 33.4348 ENTER IT AS 33,48 ONLY

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