The constant growth valuation formula has dividends in the numerator. Dividends are divided by the difference between the required return and dividend growth rate as follows: D1 fo = (rs - g) If you were analyzing the consumer goods industry, for which kind of company in the industry would the constant growth model work best? O Young companies with unpredictable earnings O All companies O Mature companies with relatively predictable earnings Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.05 at the end of the year. Its dividend is expected to grow at a constant rate of 9.00% per year. If Walter's stock currently trades for $28.00 per share, what is the expected rate of return? O 10.92% O 9.73% O 16.32% 09.07% Walter's dividend is expected to grow at a constant growth rate of 9.00% per year. What do you expect to happen to Walter's expected dividend yield in the future? 000 O It will decrease. It will stay the same. It will increase