P6.25 Slal ) Assume a major investment service has just given Big Lake Realty its highest investment rating, along with a strong buy recommendation. As a result, you decide to take a look for yourself and to place a value on the company's stock. Here's what you find: This year, Big Lake paid its stockholders an annual dividend of $4.58 a share, but because of its high rate of growth in earnings, its dividends are expected to grow at the rate of 11% a year for the next five years and then to level out at 8% a year. So far, you've learned that the stock has a beta of 1.24, the risk-free rate of return is 2.7%, and the expected return on the market is 11.3% Using the CAPM to find the required rate of retum, put a value on this stock Using the CAPM, the required rate of return on the investment is %. (Round to two decimal places) Enter your answer in the answer box and then click Check Answer Check Answer 1 Clear A part remaining 922 11/18/20 O . Type here to search 5 7 B t