The risk-free rate of return is 7.0%, the expected rate of return on the market portfolio is 17%, and the stock of xy rong Corporation has a bete coefficient of 23 Xyrong pays out 40% of its earnings in dividends, and the latest earnings announced were $15 per share Dividends were just paid and are expected to be paid annually. You expect that Xyrong will eam an ROE of 25% per year on al? reinvested earnings forever. a. What is the intrinsic value of a share of Xyrong stock? (Do not round intermediote calculations. Round your answer to 2 decimel places.) b-1. If the market price of a share is currently $45, and you expect the market price to be equal to the intrinsic value one year from now. calculate the price of the share after one year from now. (Do not round intermediate colculations. Round your answer to 2 . decimel places) b-1. If the market price of a share is currently $45, and you expect the market price to be equal to the intrinsic value one year from now calculate the price of the share after one year from now. (Do not round intermediote calculations. Round your onswer to 2 decimal places.) b-2. What is your expected one-year holding-period retum on Xyrong stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)