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Stony Brook Corp. recently paid an annual $15 per share dividend. From the recently approved patent, this company's net profits will grow at 20% in

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Stony Brook Corp. recently paid an annual $15 per share dividend. From the recently approved patent, this company's net profits will grow at 20% in the next 2 years, and at 5% in the third year and beyond due to the expiration of the patent. The required return to this company's shareholders is at 10%. (1) Calculate the Horizon Value at T=2 of Stony Brook's stock per share. (3 points) $315 $378 $381.15 $453.60 $544.32 expiration of the patent. The required return to this company's shareholders is at 10%. (2) Calculate the intrinsic value at T=0 of Stony Brook's stock per share. (3 points) $374.88 $403.39 $409.09 $450.00 $453.60 Submit answer > 1 2 3 4 5 4.0.0 15 16 17 6 7 8 9 18 19 20 21 22 10 11 12 13 23 24 14 (3) Calculate the dividend yield and the capital gains yield for the first year (t=0). Round up to the first decimal point if your answer is expressed in percentage (%) (or up to the third decimal point if written infraction). (4 points) Dividend yield=3.97%, Capital gain yield=6.03% Dividend yield=4.4%, Capital gain yield=5% Dividend yield=4.4%, Capital gain yield=5.6% Dividend yield=4.4%, Capital gain yield=7.6% Dividend yield=5%, Capital gain yield=5% Submit answer > 1 2 3 4 5 6 7 8 9 10 11 12 13 14 expiration of the patent required to this company's shareholders is at 10%. (4) Calculate the dividend yield and the capital gains yield during the third year. Round up to the first decimal point if your answer is expressed in percentage (%), or up to the third decimal point if written in fraction. (4 points) Dividend yield=3.97%, Capital gain yield=6.03% Dividend yield=4.4%, Capital gain yield=5% Dividend yield=4.4%, Capital gain yield=5.6% Dividend yield=4.4%, Capital gain yield=7.6% Dividend yield=5%, Capital gain yield=5% Submit answer > expiration of the patent required to this company's shareholders is at 10%. (5) What is the expected stock price of this company in five years? Round up to the second decimal point. Provide all your calculation for partial points. (4 points) $416.75 $500.09 $522.114 $525.10 $603.74 Submit answer >

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