PART B: Short-answer questions Question 1 (6+6=12 marks) a) You bought a CBA share on 1 January 2013 for $67.25 and sold it one year later for $64.75. CBA paid dividends of $1.75 per share on 1 March 2013 and $2.00 per share on September 2013. What is the dividend yield, the capital gain yield and the total yield? (6 marks) b) A JBH share has just paid a dividend of $1.25 per share. This dividend is expected to grow at a rate of 5% p.a. for the next three years, after which it is expected to grow at a constant rate of 2% p.a. in perpetuity. The equity cost of capital is 11% p.a. What is the value of the share? (6 marks)