Global Asset Federal Financial (GAFF) is expected to pay a dividend of $1.00 next year. Dividends are then expected to grow 4.5% a year for the foreseeable future. GAFFs beta is 0.8, the risk-free rate is 2% and the market risk premium is 6%. A - What is todays expected price when using the Dividend Discount Model? B - If GAFFs payout ratio is 70%, what is GAFFs ROE? C- How much of the price in A is due to growth opportunities?