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U Question 12 1 pts Based on the information of Question 11, calculate the current value of DownUnder's shares. Show all your work. Edit View

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U Question 12 1 pts Based on the information of Question 11, calculate the current value of DownUnder's shares. Show all your work. Edit View Insert Format Tools Table 12pt Paragraph B IV ATP : Formatting Question 11 0.5 pts Questions 11 and 12 are based on the same information below. DownUnder Financial recently paid a dividend of 1.80 Australian dollars (A$). An analyst has examined the financial statements and historical dividend policy of DownUnder and expects that the firm's dividend rate will grow at a constant rate of 3.5% indefinitely. The analyst also determines Down Under's beta is 1.5, the risk-free rate is 4%, and the expected return on the market portfolio is 8%. Estimate DownUnder's required return. Show all your work

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