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Fincorp will pay a year-end dividend of $2.80 per share, which is expected to grow at a rate of 4% for the indefinite future. The

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Fincorp will pay a year-end dividend of $2.80 per share, which is expected to grow at a rate of 4% for the indefinite future. The discount rate is 12% o. What is the stock selling for? (Do not round intermediate calculations, Round your onswer to 2 decimal places.) Stock price b. If earnings are $3,50 a share, what is the implied value of the firm's growth opportunities? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Implied value

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