equation	formulas
Value of Preferred Stock	D / rp
Stock Price using WACC	Non-Discounted Horizon Value = EPSt+1 / (WACC growth rate) Stock Price = (Total Firm Value + Non-operating assets MV of Preferred Stock/Debt)/ total shares
Gordon Dividend Market Model	D / (Rs growth rate)
CAPM Required Rate of Return	risk-free rate + (market premium)*Beta. OR risk-free rate + (total market return risk-free rate)*beta
Sharpe Ratio	(Return risk-free rate) / standard deviation
Value of a Perpetuity	PV = PMT/I
Multiple Method	Price = EPS*Multiple company

16. What is the stocks expected value if its next year dividend is $2.1632, its dividends are expected to grow at 4%, the rRF = 3%, rM = 9% (market total return), and b = 1.0?

(Please use an equation and/ or formula rather than using a sheet chart or graph)