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Question 15 10 pts The last dividend paid by Yum! Brands, Inc. (YUM) was $1.88. Yum's annual dividend growth rate is expected to be 20

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Question 15 10 pts The last dividend paid by Yum! Brands, Inc. (YUM) was $1.88. Yum's annual dividend growth rate is expected to be 20 percent for 5 years, after which dividends are expected to grow at a rate of 3 percent forever. Yum's required rate of retum on equity (discount rate) is 8 percent. What is the current intrinsic value of Yumn's common stock? If the market price of the stock is $103, what is your investment recommendation (buy, hold or sell)? (Two Stage Dividend Growth Model). Edit View Insert Format Tools Table 12ptParagraph BIVALT OU VAD

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