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18. You own a growth stock called Cain Corporation. This stock just paid a dividend of $3.75 per share and is expected to increase its

18. You own a growth stock called Cain Corporation. This stock just paid a dividend of $3.75 per share and is expected to increase its dividend by 20% for the next two years and then maintain a constant 5% growth rate thereafter. Assume a required rate of return of 15%. What is the expected dividend yield for this stock?

Group of answer choices

Between 10% and 11%

Between 9% and 10%

Between 8% and 9%

Between 7% and 8%

Between 6% and 7%

Between 5% and 6%

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