Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 12.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 2.40% per year. The risk-free rate (rap) is 3.00%, the market risk premium (RPM) is 3.60%, and Portman's beta is 1.00. Value Dividends one year from now (D)$2.4192 $58.98 $57.60 Term mum (k) is 3.06, aPortman s eta is Assuming that the market is in equilibrium, use the information just given to complete the table. Horizon value (P1) Intrinsic value of Portman's stock What is the expected dividend yield for Portman's stock today? 0 4.20% 4.10% 0 3.36% 0 4.37%