Risk free rate = 0.016 Market rate = 0.136

1. The average P/E of Korn Ferrys major competitors is 15.57. If its current EPS is $4.40 and its selling for $50.98 a share, is it over or under valued?

2. Korn Ferrys average P/E is 12.867. Find its intrinsic value. It is it over or under valued?

3. Korn Ferrys information is below. Use it and the Two-stage Growth Model to find its intrinsic value. Forecast its cash flows for 2024 through 2027. Is it over or under valued?

4. Affiliated Managers has a beta of 1.40 and a fixed dividend. If its current P/E is 5.8, is it over or under valued?

5. Korn Ferry has a variable dividend. Its beta is 1.15, its dividend payout ratio is 14%, and its growth rate is 9%. Its current P/E is 9.0. Is it over or under valued?

\begin{tabular}{|l|r|r|r|r|r|} \hline & 2023 & 2024 & 2025 & 2026 & 2027 \\ \hline Beta & 1.15 & & & & \\ \hline Dividend & & $0.70 & & & \\ \hline Growth rates & & & 0.120 & 0.151 & 0.151 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|r|r|} \hline & 2023 & 2024 & 2025 & 2026 & 2027 \\ \hline Beta & 1.15 & & & & \\ \hline Dividend & & $0.70 & & & \\ \hline Growth rates & & & 0.120 & 0.151 & 0.151 \\ \hline \end{tabular}