i) You expect the price of ABC stock to be $59.77 per share a year from now. Its current market price is $50, and you expect it to pay a dividend one year from now of $2.15 per share. What is the stocks expected dividend yield, rate of price appreciation, and expected holding-period return?

ii) In i) above, if the stock has a beta of 1.15, the risk-free rate of 6% per year, and the expected rate of return on the market portfolio is 14% per year, what is the required rate of return on ABC stock? What is the intrinsic value of ABC stock, and how does it compare with the current price?