22. NHO C9 MC32 A stock is expected to pay a year-end dividend of $2.00. The dividend is expected to decline at a rate of 6% a year forever. If the company is in equilibrium and its expected and required rate of return is 15%, which of the following statements is CORRECT? O The company's expected stock price at the beginning of next year is $9.50 The constant growth model cannot be used because the growth rate is negative. The company's dividend viald 5 years from now is expected to be 10%. The company's current stock price is $20. ory The company's expected capital gains yield is -6%