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 12% per year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 16%. The stock of Todd Mountain Development Corporation has a beta of 0.90. Using the constant-growth DDM, the intrinsic value of the stock is _.

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 12% per year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 16%. The stock of Todd Mountain Development Corporation has a beta of 0.90 . Using the constantgrowth DDM, the intrinsic value of the stock is Multiple Choice 11.11 100.00 25.00 7.20