3- The capital gains yield as used in the dividend growth model is defined as:

D0/P0.

D1/P0.

g/r.

g.

g/P0.

4-XYZ Corporation's next dividend is expected to be $3 per share. Dividend growth rate has been at 2% and expected to be so into the future. If investor's return is 10%, calculate the stock price last year.

	$35.86
	$36.16
	$36.46
	$36.76
	37.07