Question: Problem 14: The stock is expected to pay no dividends in years 1 and 2, $5 dividends at t=3, and the dividends are expected to
Problem 14: The stock is expected to pay no dividends in years 1 and 2, $5 dividends at t=3, and the dividends are expected to grow at a constant rate g after that. The current stock price is $200 and its expected return is 14%. Find g. Problem 15: Using the information in the previous question, find the capital gain yield during the first year.
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