Portman Industries just paid a dividend of $3.12 per share. The company expects the coming year to be very profitable, and its dlvidend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. The risk-free rate (fu) is 4.00%, the market risk premlum (RPM) is 4.80%, and Portman's beta is 1..60. Assuming that the market is in equilibrium, use the information just given to complete the table. Portman has 600,000 shares outstanding, and Judy Davis, an investor, holds 9,000 shares at the current price as fust found. Suppose Portman is: considering issuing 75,000 new shares at a price of 532.59 per share. If the new shares are sold to outside investors, by how much will Judy's iovestment in Portman be diluted on a per-share basis? 51.34 per share 50.64 per share 50.79 per share $0,54 per share Thus, Judy's investment will be diluted, and Judy will experience a total Conm 2202 Assperments 3. Aeconvtant growth wher Portman Industries just paid a dividend of $3.12 per share. The company expects the coming year to be very profitable, and its dlvidend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. The risk-free rate (fu) is 4.00%, the market risk premlum (RPM) is 4.80%, and Portman's beta is 1..60. Assuming that the market is in equilibrium, use the information just given to complete the table. Portman has 600,000 shares outstanding, and Judy Davis, an investor, holds 9,000 shares at the current price as fust found. Suppose Portman is: considering issuing 75,000 new shares at a price of 532.59 per share. If the new shares are sold to outside investors, by how much will Judy's iovestment in Portman be diluted on a per-share basis? 51.34 per share 50.64 per share 50.79 per share $0,54 per share Thus, Judy's investment will be diluted, and Judy will experience a total Conm 2202 Assperments 3. Aeconvtant growth wher