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Time left O: 12:34 Question 20 Norvet answered Marked out of 100 Flag question Consider the following: Earnings per share: last year $10.00 Dividends per

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Time left O: 12:34 Question 20 Norvet answered Marked out of 100 Flag question Consider the following: Earnings per share: last year $10.00 Dividends per share: last year $8.00 Estimated earnings per share this year $16.00 Required rate of return 0.15 Expected sales price at end of year $120 Assuming the same Payout ratio as last year, what is the intrinsic value of stock. IDO) Answer: 114.08

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