Portman Industries just paid a dividend of $3.12 per share. The company expects the coming year to be very profitable, and its dividend 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. Do not round your intermediate calculations. Round dividends to 4 decimal places, and stock value and stock price to two decimal places. Term Value $3.6192 Fu Dividends one year from now (D) Value of Portman's stock at the end of the nonconstant dividend-growth period Portman's stock price $53.05 $51.41 Investors expect a required rate of return of 10.24% on Portman's stock. Assuming that the market is in equilibrium, use the information just given to complete the table. What is the expected dividend yield for Portman's stock today? O 5.63% O 7.52% O 6.82% O 7.04% Now let's apply the results of your calculations to the following situation: Portman has 1,200,000 shares outstanding, and Judy Davis, an investor, holds 18,000 shares at the current price (computed above). Suppose Portman is considering issuing 150,000 new shares at a price of $43.70 per share. If the new shares are sold to outside investors, by how much will Judy's investment in Portman Industries be diluted on a per-share basis? $0.86 per share $1.06 per share $0.73 per share $1.81 per share of Thus, Judy's investment will be diluted, and Judy will experience a total