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Patty Kate Industries just paid a dividend of $2.88 per share. Its dividend is expected to grow by 20.00% over the next year. After the

Patty Kate Industries just paid a dividend of $2.88 per share. Its dividend is expected to grow by 20.00% over the next year. After the next year, though, Patty Kate's dividend is planning to grow at a constant rate of 4% a year. Assuming that the market is in equilibrium, use the information just given to complete the table. Term Value Dividends one year from now (D) Horizon value (P1) Intrinsic value of Patty Kate's stock rRF is 5.00%, RPM is 6.00%, and Patty Kate's beta is 1.80. What is the expected dividend yield for Patty Kate stock as of today? 13.13% 11.79% 9.43% 11.34%

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