Expected Growth for the NEXT TWO (2) years 18.0000% Expected Growth in the THIRD (3) year 12.0000% Constant Growth in Year FOUR (4) and thereafter 7.0000% LAST dividend PAID $2.25 REQUIRED rate of return 11.0000% CALCULATE the $VALUE of the STOCK as of TODAY CALCULATE the DIVIDEND YIELD and CAPITAL GAINS YIELD at TIME 0 CALCULATE the DIVIDEND YIELD and CAPITAL GAINS YIELD at TIME 3