Problem 18-13 The risk-free rate of return is 4.5%, the expected rate of return on the market portfolio is 14%, and the stock of Xyrong Corporation has a beta coefficient of 3.0.Xyrong pays out 40% of its earnings in dividends, and the latest earnings announced were $7.50 per share. Dividends were just paid and are expected to be paid annually. You expect that Xyrong will earn an ROE of 25% per year on all reinvested earnings forever a. What is the intrinsic value of a share of Xyrong stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Intrinsic 19.17 value b. If the market price of a share is currently $15, and you expect the market price to be equal to the intrinsic value one year from now, what is your expected 1-year holding period return on Xyrong stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Expected one-year holding-period return 66.94 %