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Your firm requires all its analysts to use a dividend discount model (DDM) to value dividend-paying stocks. Using DDM, you must now value Big Wheel

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Your firm requires all its analysts to use a dividend discount model (DDM) to value dividend-paying stocks. Using DDM, you must now value Big Wheel Truck Inc. The firm's dividend is expected to grow by 4% per year in the future. Big Wheel Truck Inc. characteristics Beta 0.90 Next year's dividend $ 0.88 Market Capitalization Rate 10.15% Calculate the intrinsic value of Big Wheel Truck stock

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