1. A company announced it will pay a $2.15 dividend per share next year. If the dividend yield is 4%, what is the current share price?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.

2.

A company just paid a dividend of $3.75 on its stock. Investors require a 19% return on the stock. If the stock has an expected capital gains yield of 14.75%, what is the dividend yield for this stock?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.