Exercise 6 Here are four different stocks with a required return of 20%, and the last annual dividend paid. is $ 3.75. The dividend growth rates of WWW, XXX and YYY stocks are expected to will remain constant in the years to come at 10%, 0% and - 5% per year, respectively. ZZZ stock, on the other hand, is a growth stock whose dividend will increase by 20% over the years. The next two years, and then remain at 12%. For these four companies, calculate the rate of dividend yield. For these four stocks, what is the expected return on capital gains? Discuss the relationship between the returns of each of these stocks