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Conroy Consulting Corporation (CCC) has a current dividend of D0=$3.00. Shareholders require a 10% rate of return. Although dividend has been growing at a rate
Conroy Consulting Corporation (CCC) has a current dividend of D0=$3.00. Shareholders require a 10% rate of return. Although dividend has been growing at a rate of 31% per year in recent years, this growth rate is expected to last on 2 years 1 for g1,2=31%. After Year 2 , the growth rate will stabilize at gLL=8% a. What is CCC's stock worth today? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. What is the expected stock price at Year 1? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. What is the Year 1 expected (1) dividend yield, (2) capital gains yield, and (3) total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividendyield:Capitalgainsyield:Totalreturn:%%% d. What is its expected dividend yield for the second year? The expected capital gains yield? The expected total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividendyield:Capitalgainsyield:Totalreturn:%%%
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