The choices for current expected dividend yield are: 0.11% , 0.00% , 0.09% and then for the capital gains yield they are: 13.20% , 32.43% , 40.63% , 60.28%

Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $3.75 dividend at that time-therefore, D3 = $3.75-and believes that the dividend will grow by 19.50% for the following two years, D4 and D5. However, after the fifth year, she expects Goodwin's dividend to grow at a constant rate of 3.96% per year. The required return on Goodwin's securities is 13.20%. Complete the following table after determining the horizon value, or the value of Goodwin's stock at the end of year-when the constant growth rate begins-and the current intrinsic value or value of Goodwin Technologies' stock. Value Term $60.28 Horizon value of Goodwin's stock at the end of year 5 Current intrinsic value of Goodwin Technologies' stock $40.63 Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is , and its capital gains yield is