Westin Corporation common stock recently paid a dividend of $2.10. The firm typically pays out 50% of its earnings as dividends and retains the rest for investment in the firm. Westin has a return on equity of 15 percent. If investors require a return of 12 percent, what is the intrinsic value of the firm's common stock? Assume dividends will grow at a constant rate. $54.94 $62.11 $50.17 $57.33 $59.72 Hampton Corporation's common stock dividends are expected to grow by 8% per year. Recently, the firm paid a $2.10 common stock dividend. Hampton has a beta of 1.40. The expected return on the S&P 500 index is 11% and the rate of return on U.S. Treasury securities is 5%. What is the stock's intrinsic value? 542 550 354 $46 544