9. Stocks that don't pay dividends yet Goodwin Technologies, a relatively young company, has been wildly successful but analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $3.7500 dividend at that time(D-$3.7500) and believes that thedividend will grow by 19.50% for the following two years (Ds and Ds).However, after the fith year, she expects Goodwin's dividend to grow at a constant rate of has yet to pay a dividend. An 3.96% per year. chart to determine Goodwin's horizon value at the horizon accuracy of your calculations, Goodwin'sre ured return is 13.20%. Fill in the following date-when constant growth begins-and the current intrinsic value. To increase the carry the dividend values to four decimal places Term Value $60.25 Horizon value Current Intrinsic value will be Goodwin's expected dividend and capital gains yield in two If investors expect a total return of 14.20%, what years-that is, the year before the firm begins paying dividends? Again, remember to carry out t to four decimal places. (Hint: You are at year 2, and the first dividend is expected to be paid at the end of the year Find DYs and CGYs) Expected dividend yield (DY Expected capital gains yield (Coys) has been very successful, but it hasn't paid a dividend yet. tt circulates a report to its key investors containing the following statement Nin has a large selectilon of profitable investment