RRR 4. Assume you and some friends are analyzing a certain stock for your portfolio. You've each come up with different required rates of return. [Investor | Required Rate of Return]; [Fred |.15]; [Leslie| .12]; [Elliot | .08]. Let's say Leslie also thinks markets are efficient and this stock trades for $13. Leslie expects this stock to pay a dividend 4 years from now of $2. Leslie thinks the expected growth rate of dividends is 3%. The risk-free rate is 2%. Leslie would pay $ for the stock (round to the nearest penny). QUESTION 8 RRR 5. Assume you and some friends are analyzing a certain stock for your portfolio. You've each come up with different required rates of return. [Investor | Required Rate of Return]; [Fred |.15]; [Leslie| .12]; [Elliot | .08]. Let's say Leslie also thinks markets are efficient and this stock trades for $13. Leslie expects this stock to pay a dividend 4 years from now of $2. Leslie thinks the expected growth rate of dividends is 3%. The risk-free rate is 2%. Leslie requires a risk premium of % to hold this stock (round to the nearest whole percent). QUESTION 9 P/E 1: Assume you think the right P/E for a stock is 20 (now and over the next few years). You think there's a 25% chance the firm earns $2 next year, a 40% chance the firm earns $2.50 next year and 35% chance the firm earns $3 next period. If the stock trades at $45 today and pays out all earnings as dividends, your expected return from buying today is % ? (Round to the nearest whole percent)