Portman Industries just paid a dividend of $1.92 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.

The risk-free rate is 5%, the market risk premium is 6% and Portman's bets is 1.10. Assuming that the market is in equilibrium use the information given to find the following;

Dividends on year from now?

Horizon value?

Intrinsic value of Portman's stock?

What is the expected dividend yield for Portman's stock today? A. 6.08% B. 7.60% C. 8.16% D. 7.31%