Stocks - Leeds School of Business

The dividend yield in year 1 is 4.80 percent, and the capital gains yield is 8.2 percent: Dividend yield = = 0.0480 = 4.8%. Capital gains yield = 13.00% - 4.8% = 8.2%. During the nonconstant growth period, the dividend yields and capital gains yields are not constant, and the capital gains yield does not equal g. ................
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