Question: Problem 7 - 3 Stock Values [ LO 1 ] The next dividend payment by Im , Incorporated, will be $ 2 . 7 5

Problem 7-3 Stock Values [LO 1]
The next dividend payment by Im, Incorporated, will be $2.75 per share. The dividends are anticipated to maintain a growth rate of 7 percent forever. Assume the stock currently sells for $49.10 per share.
What is the dividend yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
What is the expected capital gains yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.

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