P1. (5 points) Breed Builders has an expected ROE of 20% If it follows a policy of retaining 20% of earnings, then what is the dividend growth rate? Dividend Growth Rate P2. (5 points) Clear Mountain Development Corporation is expected to pay a dividend ofsi.50 in the upcoming year. Dividends are expected to grow at the rate of 10% per year. The risk-free rate of return is 5% and the expected return on the market portfolio is 15%. The stock of Clear Mountain Development Corporation has a beta of 1.10. Using the constant growth DDM, find the intrinsic value of the stock. Stock Pric P3. (5 points) Frisbee Corporation produces a mature product. Frisbee Corporation is expected to pay a dividend in year l of S2.00, a dividend in year 2 of $2.50, and a dividend in year 3 of S3.00. After year 3, dividends are expected to grow at a rate of 5% per year. An appropriate required return for the stock is 8%. Using the multistage DDM, what stock should be worth today? Stock Price