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Assume that Valley Nova is expected to experience a growth g* for the next three years, then return to its long-run constant growth rate of

Assume that Valley Nova is expected to experience a growth g* for the next three years, then return to its long-run constant growth rate of 6%. Find the stocks value under these conditions. What are its expected dividend yield and its capital gains yield in Year 1? Year 4? a. g* = 30% b. g* = 0%

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