Question: The next dividend payment by Grenier, Inc., will be $1.96 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever.

The next dividend payment by Grenier, Inc., will be $1.96 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. The stock currently sells for $39 per share. What is the dividend yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Dividend yield % What is the expected capital gains yield? (Do not round intermediate calculations. Enter your answer as a percent.) Capital gains yield %

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