trades at a P/E of 15.86 times earnings, and the investor has a required rate of return of 18%. Given this information: a. Find the stock's intrinsic value (its justified price). b. Use the IRR approach to determine the stock's expected return, given that it is currently trading at $55.09 per share. c. Find the holding period returns for this stock for year 1 and for year 2 . a. The intrinsic value of the stock is $ (Round to the nearest cent.) b. The expected return (IRR) on this investment is \%. (Round to two decimal places.) c. The holding period return for year 1 is \%. (Round to two decimal places.) The holding period return for year 2 is \%. (Round to two decimal places.) trades at a P/E of 15.86 times earnings, and the investor has a required rate of return of 18%. Given this information: a. Find the stock's intrinsic value (its justified price). b. Use the IRR approach to determine the stock's expected return, given that it is currently trading at $55.09 per share. c. Find the holding period returns for this stock for year 1 and for year 2 . a. The intrinsic value of the stock is $ (Round to the nearest cent.) b. The expected return (IRR) on this investment is \%. (Round to two decimal places.) c. The holding period return for year 1 is \%. (Round to two decimal places.) The holding period return for year 2 is \%. (Round to two decimal places.)