Todd Mountain Development Corporation is expected to pay a dividend of $3 in the upcoming year. Dividends are expected to grow at the rate of 8% per year. The risk-free rate of return is 5%, and the expected return on the market portfolio is 15%. The stock of Todd Mountain Development Corporation has a beta of 0.50. Using the constant-growth DDM, the intrinsic value of the stock is 37.50 16.67 4.00 150.00