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Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $52.27 per share. She expects the price of the stock to rise

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Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $52.27 per share. She expects the price of the stock to rise to $65.06 over the next 3 years. During that time she also expects to receive annual dividends of $4.77 per share. a. What is the intrinsic worth of this stock, given a required rate of return of 9%? b. What is its expected return? a. The intrinsic worth of this stock is $ (Round to the nearest cent.)

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