QUESTION 11 You forecast that ACME stores will have earnings next year (2021) of $3.66 and pays out 60% of all earnings as dividends. ACME estimates that they can earn 12% return on new investments (ROE"). The current market price of ACME stock is $75.50. Based on ACME's beta, you require at least a 9.0% rate of return on your investment. a. Estimate the sustainable growth rate b. Assume the actual growth rate is 3.0% - Estimate the expected return on this stock using the dividend discount model c. Estimate the value of ACME stock IF dividend payout = 100% TTT Arial 3 (12pt) Words: Path: P QUESTION 12 List 3 features of a corporate bond that are fixed for the life of the bond