Tustin Corporation has just paid a dividend of $12. Dividends are expected to gro at the rate of 6% per year. The risk-free rate of return is 4%, and the expected retu on the market portfolio is 10%. The stock of Tustin Corporation has a beta of 1.1. Using the constant-growth DDM, find the intrinsic value of the stock. Pick the closest number. $276.52$260.87$93.86$162.12 None of the above