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Assume a major investment service has just given Big Lake Realtyits highest investment? rating, along with a strong buyrecommendation. As a? result, you decide to take a look foryourself and to place a value on the? company's stock.? Here's whatyou? find: This? year, Big Lake paid its stockholders an annualdividend of ?$4.93 a? share, but because of its high rate of growthin? earnings, its dividends are expected to grow at the rate of 9?%a year for the next five years and then to level out at 5 % a year.So? far, you've learned that the stock has a beta of 1.15?, the?risk-free rate of return is 4.8?%, and the expected return on themarket is 10.8?%.Using the CAPM to find the required rate of? return, put a valueon this stock.