Stock Valuation Use the information provided to calculate the required rate of return on four stocks. Use both CAPM and the Dividend Discount Model. The market return is expected to be 8.5% and the risk-free rate is 2.0%. Smith Company, Inc. Competitor 1 Competitor 2 Competitor 3 Beta 1.4 1.7 1.2 0.9 Dividend $2.00 $3.25 $2.00 $1.25 Price $26.00 $33.00 $45.00 $20.00 Growth 3.5% 3.5% 5.5% 1.5%