Stock X has the following data. Assuming the stock market is efficient and the stock is in equilibrium, expected dividend, D1 = $3.00, current price, P0 = $50, and expected constant growth rate = 6.0%, which of the following statements is CORRECT?
a. The stock s required return is 10%.
b. The stock s expected dividend yield and growth rate are equal.
c. The stock s expected dividend yield is 5%.
d. The stock s expected capital gains yield is 5%.
e. The stock s expected price 10 years from now is $100.00.