Granite is the answer i think
Answer:
$25
Explanation:
The computation of the intrinsic value of the stock is shown below:
As we know that
Intrinsic value or Price = Dividend ÷ (Cost of equity - growth rate)
where,
Cost of equity or ke is
= Risk free rate of return + beta × (Market rate of return - risk free rate of return)
= 6% + 0.75 × (14% - 6%)
= 12 %
So the intrinsic value is
= $1.50 ÷ (12% - 6%)
= $25
Answer:
An electric generator is a device that converts a form of energy into electricity.
Explanation:
