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If D 1 = $1.50, g (which is constant) = 3.0%, and P 0 = $56, what is the stock's expected capital gains yield for

If D₁ = $1.50, g (which is constant) = 3.0%, and P₀ = $56, what is the stock's expected capital gains yield for the coming year?

Select the correct answer.

a. 3.00%

b. 3.81%

c. 3.54%

d. 3.27%

e. 4.08%

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