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needs answers for all Shell is experiencing rapid growth. Earnings and dividends are expected to grow at a rate of 15% during the next 2

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Shell is experiencing rapid growth. Earnings and dividends are expected to grow at a rate of 15% during the next 2 years, at 13% the following year, and at a constant rate of 6% during Year 4 and thereafter. Its last dividend was $1.15, and its required rate of return is 12%. f) Calculate the dividend and capital gains yields for Years 1, 2, and 3. Dividend Yield Year 1 - 5.24 % Capital Gains Yield Year 1 - 5.58 % Dividend Yield Year 2 - 5.71 % Capital Gains Yield Year 2 6.36 % Dividend Yield Year 3 6.07 %8 Capital Gains Yield Year 3 7.16 9

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