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Circles Inc. currently pays a dividend of $3 per share (i.e. D0 = $3), and this dividend is expected to grow at a constant rate

Circles Inc. currently pays a dividend of $3 per share (i.e. D0 = $3), and this dividend is expected to grow at a constant rate of 5 percent forever. The company's stock has a required rate of return of 13%. a) Calculate firm's stock intrinsic value today, P 0? b) What will be the stock's intrinsic value after one year? c) Calculate the stock's current yield and capital gains yield for the year.

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