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Milt ar Corporation will pay a year-end dividend of S4 and dividends hereafter are expected to grow a e constant rate of 4% per year. The s ee ae s s and the expected return on he market portfolio is 12%. The stock has a beta of .75 a. Calculate the market capitalization rate. (Do not round intermediate calculations.) Market capitalization rate b. What is the intrinsic value of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Intrinsic value

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