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Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming yea. Dividends are expected to grow at the rate of

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Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming yea. Dividends are expected to grow at the rate of 7% per year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 16%. The stock of Todd Mountain Development Corporation has a beta of 0.65. Using the constant-growth DDM, the intrinsic value of the stock is 2.80 15.96 O 42.86 O 62.50

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