Question 24 (25 points) Todd Mountain Development Corporation is expected to pay a dividend of...
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Question 24 (25 points) Todd Mountain Development Corporation is expected to pay a dividend of $29.80 in the upcoming year, Dhidends are expected to grow at the rate of 6.5% per year. The risk-free rate of return is 3.5%, and the expected return on the market portfolio is 10.5%. The stock of Todd Mountain Development Corporation has a beta of 24. Using the constant growth DDM, the intrinsic value of the stock is $257.57 $229,72 $270,25 5215.94
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