Question: Question 28 (2 points) Saved Stock X is expected to pay a dividend of $3.00 at the end of the year. The dividend is expected

Question 28 (2 points) Saved Stock X is expected to pay a dividend of $3.00 at the end of the year. The dividend is expected to grow at a constant rate of 6% a year. The stock currently trades at a price of $50 a share. Assume that the stock is in equilibrium (the stock's price equals its intrinsic value). Which of the following statements is INCORRECT? 1) The stock's required return is 12%. 2) The stock's expected price 10 years from now is $89.54. 3) The stock's expected dividend yield is 6%. 4) The stock's expected capital gains yield is 6%. 5) The stock's expected dividend at the end of Year 2 is $3.37

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