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8. Stocks that don't pay dividends yet. Coodwin Thchnologits, a relatively young company, has been wildy successful but has yet to pay a dividend, An analyst forecasts that Goodwin is thely to pay is first dividend three years from now, She expects Coodwin to pay a $3.50000 dividend at that time (0,$3,50000) and befieves that the dividend will grow by 18.20000% for the following two years (O, and D ). However, after the fith year, she expects Goodwin's dividend to grow at a constant rate of 3.90000% per yeat Coodwin's required return is 13.00000%, Fill in the following chart to determine Goodwin's hortzon value at the horison date (when constant growth begins) and the current intrinsle value. To increase the accuracy of your calculations, do not round your intermediate calculations, but round ail final antwers to two decimal places. Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is , and Goodwin's capital gains yeld Goodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to its key investors containing the following statement: Geodwin's investment opportunities are poor. Is this statement a possible explanation for why the firm hasn't paid a dividend yet? Yes No