#9

Currently, a company's stock sells for $70 per share. The required return on the stock is 13.5% and the stock has a dividend yield of 4.25%. What is this stock's expected capital gains yield? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the sign in your response. For exampio, an answer of 15.39% should be entered as 15.39 Numeric Response