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X P8.8 (similar to) Question Help Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $54.18 per share. She expects the

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X P8.8 (similar to) Question Help Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $54.18 per share. She expects the price of the stock to rise to $55.41 over the next 3 years. During that time she also expects to receive annual dividends of $6.19 per share. a. What is the intrinsic worth of this stock, given a required rate of return of 8%? b. What is its expected return? a. The intrinsic worth of this stock is $ . (Round to the nearest cent.)

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