Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 18. Tassis Technologies Corporation has been growing at

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

18. Tassis Technologies Corporation has been growing at a rate of 20% per year in recent years. This same growth rate is expected to last for another 2 years, then decline to a growth rate of 6%.

a. If Do = $1.60 and rs = 10%, what is TTCs stock worth today? What are its expected dividend yield, and capital gains yield at this time during Year 1?

b. Assume supernormal period of growth lasts for 5 years instead of 2 years. How does this impact price, dividend yield, and capital gains yield. (Answer in words only)

c. What will TTCs dividend and capital gains yields be once it period of supernormal growth ends?

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entries Tissuance of common stock 1 issuance of stock dividend sales of treasury stock net income cash dividends 7 stock dividends purchase of treasury stock December 31 Morrow Enterprises Inc....