18. Conner Corporation has a stock price of S32.35 per share. The last dividend was $3.42 (i.e Do- S3.42). The long-run growth rate for the company is a constant 7 percent. What is the company's capital gains yield and expected dividend yield? a. b. c. d. e. Capital gains yield 7.00%; expected dividend yield 10.57%. Capital gains yield 10.57%; expected dividend yield 7.00% Capital gains yield-7.00%; expected dividend yield 4.31%. Capital gains yield-11.31%; expected dividend yield 7.00%. Capital gains yield-7.00%; expected dividend yield-11.31% 19. The last dividend paid by Klein Company was S1.00. Klein's growth rate is expected to be a constant 5 percent for 2 years, after which dividends are expected to grow at a rate of 10 percent forever. Klein's required rate of return on equity (ks) is 12 percent. What is the current price of Klein's common stock? a. $21.00 b. $33.33 c. $42.25 d. $50.16 e. $58.7:5 20. What is the fair value of stock (FIN 361) given the following information: Do-S4, required rate of return-10%, growth rate in dividends-year 1 (-20%), year 2 (56%), year 3 (26%) and year 4 (0%) a. 8.33 b. 12.33 c. 16.33 d. 20.33 e. 24.33 21. You write a December 2015 call on XYZ at an exercise price of $50. You receive a premium of $10. The market price does not exceed $45 until the new year (January 2016) Your profit or loss will be a. $50 b. $45 d. $5 e. $0