The stock of Townships Ski Resorts Inc.just paid a dividend of $0.78.What is the expected capital gains yield if the stock is selling for $28.25 today and the required rate of return is 15 percent?

Name: The stock of Townships Ski Resorts Inc.just paid a dividend of $0.78.What is the expected capital gains yield if the stock is selling for $28.25 today and the required rate of return is 15 percent?
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Capital gains yield,G = (kc*P₀-D₀₎/(P₀+D₀₎ = (15%*$28.25-$0.78)/($28.25+$0.78)= 11.91%

The Stock of Townships Ski Resorts Inc