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Please use ONLY an Excel spreadsheet for the solutionsno handwritten ones. 8. Deployment Specialists pays a current (annual) dividend of $2 and is expected to

image text in transcribedPlease use ONLY an Excel spreadsheet for the solutionsno handwritten ones.

8. Deployment Specialists pays a current (annual) dividend of $2 and is expected to grow at 12% for the next five years and then at 5% thereafter. If the beta of the stock is 1.2 and the market risk premium is 10%, what is the intrinsic value of its stock? The 10-year Treasury bond yields 3%

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