CM Tronic has current earnings per share of $1.44, a stock price of $46.09, a return on equity of 7% and a beta of 1.4. The risk-free rate is 4% and the expected market risk premium is 4.5%. Part 1 - Attempt 1/1 What is the required rate of return for the company according to the CAPM? 3+ decimals Save Part 2 Attempt 1/1 What growth rate of earnings (and dividends) is consistent with the company's return on equity and its policy of reinvesting 60% of earnings? 3+ decimals Save Part 3 - Attempt 1/1 What is the fair stock price using the constant-growth dividend model? 1+ decimals Save