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20. Emmy Lou, Inc. has an expected dividend next year of $5.60 per share, a growth rate of dividends of 5 percent, and a required

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20. Emmy Lou, Inc. has an expected dividend next year of $5.60 per share, a growth rate of dividends of 5 percent, and a required return of 15 percent. The value of a share of Emmy Lou, Inc.'s common stock is ? What is the capital gains yield of this stock? ( 5 points)

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