Question: Problem 8-3 Stock Values (L01) The next dividend payment by Savitz, Inc., will be $1.56 per share. The dividends are anticipated to maintain a growth

Problem 8-3 Stock Values (L01) The next dividend payment by Savitz, Inc., will be $1.56 per share. The dividends are anticipated to maintain

Problem 8-3 Stock Values (L01) The next dividend payment by Savitz, Inc., will be $1.56 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. The stock currently sells for $29 per share. a. What is the dividend yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the expected capital gains yield? (Enter your answer as a percent.) % a. Dividend yield b. Capital gains yield

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