Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at

$48.00

per share. She expects the price of the stock to rise to

$60.00

over the next

3

years. During that time she also expects to receive annual dividends of

$4.00

per share.a. What is the intrinsic worth of this stock, given a required rate of return of

12%?

b. What is its expected return?

a. The intrinsic worth of this stock is

$enter your response here.

(Round to the nearest cent.)b. The expected return is

enter your response here%.