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Which of the following statements is CORRECT? a. A non-dividend paying stock will decline in price over time. b. A non-constant growth stock whose growth

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Which of the following statements is CORRECT? a. A non-dividend paying stock will decline in price over time. b. A non-constant growth stock whose growth rate decreases will decline in price over time. c. A constant growth stock whose growth rate is negative will increase in price over time. d. A constant growth stock whose growth rate is negative will remain at the same price over time. e. A constant growth stock whose growth rate is negative will decline in price over time. xii. Which of the following statements is CORRECT, assuming constant growth? a. Expected rate of return is equal to expected dividend yield. b. Expected rate of return is equal to expected dividend yield plus expected capital gains yield. c. Expected rate of return is equal to expected dividend yield plus expected capital gains yield minus the growth rate. d. None of the above

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