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Suppose a stock just paid a dividend of $0.95 and that the dividend is expected to grow at a rate of 3%. The companys current

Suppose a stock just paid a dividend of $0.95 and that the dividend is expected to grow at a rate of 3%. The companys current beta is 0.7, the current risk-free rate is 5% and the market risk premium is 7%. What is the intrinsic value of this stock? Answers: CorrectA. $14.18 B. $23.75 C. None of these D. $27.94 E. $13.77

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