Stock calculation A stock is a fixed growth stock with an annual growth rate of 5%. This year, it just received a dividend of 8 yuan, and the risk-free rate of return is 10%. The average rate of return of all stocks in the market is 18%, and the β value of the stock is 1.5, and the intrinsic value of the stock is () A、50.05 B、49.41 C、45.23 D.61.71

Stock calculation A stock is a fixed growth stock with an annual growth rate of 5%. This year, it just received a dividend of 8 yuan, and the risk-free rate of return is 10%. The average rate of return of all stocks in the market is 18%, and the β value of the stock is 1.5, and the intrinsic value of the stock is () A、50.05 B、49.41 C、45.23 D.61.71

k=10%+(18%-10%)*1.5
k=0.1+0.12
k=0.22
p=8(1+5%)/(k-5%)
p=8.4/(0.22-0.05)
p=49.41
The correct answer is B