QUESTION 32 XYZ corp expects to earn $4.8 per share next year and plow back 47.92% of its earnings (i.e., it expects to pay out a dividend of $2.5 per share, representing 52.08% of its earnings). The dividends are expected to grow at a constant sustainable growth rate and the stocks are currently priced at $30 per share. How much of the stock's $30 price is reflected in Present Value of Growth Opportunities (PVGO) if the investors' required rate of return is 20% ? $ QUESTION 33 In a year in which corporate bonds offered an average return of 11%, treasury bonds offered an average return of 7%, common stocks offered an average return of 18% and Treasury bills offered 3%. The market risk premium was:_____96. QUESTION 34 If the toss of a coin comes down heads, you win two dollars. If it comes down tails, you lose fifty cents. How much would you expect to gain after 21 tosses (in $ dollars)? $_______