QUESTION 22 Westsyde Tool Company is expected to pay a dividend of $2 in the upcoming year (D1). Analysts expect the price of Westsyde Tool Company shares to be $20 a year from now (P1). The required rate of return is 13.2%. Using a one-period valuation model, the intrinsic value of Westsyde Tool Company stock today is O $31.13 O $34.52 $24.29 O $27.39 QUESTION 23 Ace Frisbee Corporation is expected to pay a dividend in year 1 (D1)of $3, a dividend in year 2 (D2) of $2, and a dividend in year 3 (D3) of $1. After year 3, dividends are expected to grow at the rate of 2% per year. An appropriate required return for the stock is 8% (k). Using the two stage DDM, the stock should be worth today O $13.58 $18.78 $13.07 O $16.25