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Portman Industries just paid a dividend of $1.68 per share. The company expects the coming year to be very profitable, and its dividend is expected

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Portman Industries just paid a dividend of $1.68 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 20.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 4.00% per year. (Note: Do not round your intermediate calculations.) Term Value Dividends one year from now (D) Horizon value (PL) (Note: Rounded to four decimal places) (Note: Rounded to two decimal places) (Note: Rounded to two decimal places) Intrinsic value of Portman's stock The risk free rate (Rp) is 5.00%, the market risk premium (RPM) is 6.00%, and Portman's beta is 1.50 Assuming that the market is in equilibrium, use the information just alven to complete the table. What is the expected dividend vield for Portman's stock today? 10.00 10.06 8.00% 9.619

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