You are considering berying a stock. It pays annual dividends of 51.75 a share indefinitely. It trades at a P/E of 12.1 times 0 arnings and has a beta of 1.65. Treasury bills are currently earning 3.1% and the market return is 11.5%. You would like to hold this stock for 3 years, at which point you think EPS will be 53.65 por share Given that the stock currently trades at $34, what is this security's expected return and the security's expected value? Considering the stock's intrinsie value, explain whether or not this is a good investment. Explain the interpretation of the PIE ratio. (hint: consider zero-growth valuation model for expected price; this can differ from an estimated price using formulas needed tor expected retaiml