Hi, Could you show me how to solve #3 problem? The solution on the Chegg seems to be incorrect. Thank you in advance.

f Fundamentals of Corporate Fin... P 3CTQ 3MCQ | 30P | 4CTO AMCQ Chapter 8 Problem 3QP The dividend yield is calculated by dividing annual dividend per share by price per share. It is given that the annual dividend per share is $2.04 and current selling price of the share is $37. It is required to calculate dividend yield Hence, the dividend yield is 2. Step 3 Do Calculate the capital gains yield: It is given that dividend growth rate is 4.5 percent forever. The capital gain percentage or yield increase in the stock price, it is same as the dividend growth rate. Hence, capital gains yield is 2. Was this solution helpful? B 11 19 price be in uree years . in 15 years? 2. Stock Values [LO1] The next dividend payment by Halestorm, Inc., will be $2.04 per share. The dividends are anticipated to maintain a growth rate of 4.5 per- cent forever. If the stock currently sells for $37 per share, what is the required return? 3. Stock Values (LO1] For the company in the previous problem, what is the dividend yield? What is the expected capital gains yield