D. $56.25 22. HY PLC is expected to pay a dividend of $1.50 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of returns is 6% and the expected return on the market portfolio is 14% The stock of HY PLC has a beta of 0.75. What is the intrinsic value of the stock? A. $10.71 B. $15.00 23. A convertible bond is a bond that C. $17.75 D. $25.00 E. None A. Does not pay interest on a regular basis but pays a lump sum at maturity. B. Pays interest on a regular basis (typically every six months). CCan always be converted into a specific number of shares of common stock in the issuing company. D. Always sells at par. E. None of the above 24. Determine the performance of a portfolio, according to Jensen's measure, when the portfolio had an actual return of 13%, and the risk-free rate 6%, the market return 12%, and the portfolio had a beta of 1.2 A. Inferior B. Superior C. Same as that of the market D. Not enough information is provided to answer this question E. None 25. The Sharpe, and Treynor measures will agree on portfolio rankings if a. b. OF d. the portfolios are completely diversified. Only ex post data are used. Quarterly data are used in all three Each portfolio consists of only one security.