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Huang Company's last dividend (D0) was $3.00. The company has a beta of 1.2. The risk-free rate is 4% and the market risk premium (MRP)

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Huang Company's last dividend (D0) was $3.00. The company has a beta of 1.2. The risk-free rate is 4% and the market risk premium (MRP) is 8%. Dividends are expected to grow in the future as shown below: te Use the above information to answer 20-21. 20. What is its current stock price (Po)? Assume market equilibrium. a. $82.53 b. 585.88 c. $91.38 d. $93.48 c. $95.32 21. What is the expected stock price one year from today (P1) ? Assume market equilibrium. a. \$109.99 b. 599.32 c. $95.68 d. $94.12 e. $93.06

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