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Snyder Co. is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 15% during the next 2 years, at 13% in the third year, and at a constant rate of 6% thereafter. Snyder’s last dividend was $1.15, and the required rate of return (equity cost of capital) on the stock is 12%. using excel function, Calculate the dividend yield and capital gains yield for Years 1, 2, and 3.

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