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Nonconstant Dividend Growth Valuation Conroy Consulting Corporation (CCC) has a current dividend or Do = $2.20. Shareholders require a 9% rate of retum. Although the

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Nonconstant Dividend Growth Valuation Conroy Consulting Corporation (CCC) has a current dividend or Do = $2.20. Shareholders require a 9% rate of retum. Although the dividend has been growing at a rate of 27% per year in recent years, this growth rate is expected to last only for another 2 years (90,1 = 91,2 = 27%). After Year 2, the growth rate will stabilire at gi = 6% a. What is coc's stock worth today? Do not found intermediate calculations. Round your answer to the nearest cent, 5 6. What is the expected slock price at Year 17 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 Dividend yield: Capital gains yield: Total return d. What is its expected dividend yield for the second year? The expected capital gains yield? The expected total retum? Do not round intermediate calculations, Round your answers to two decimal places Dividend yield: Capital gains yield: Total return 9 %

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