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A share of stock in E. Harris Industries is selling at a price of $128.75 per share. The stock just paid a dividend of $5.00.

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A share of stock in E. Harris Industries is selling at a price of $128.75 per share. The stock just paid a dividend of $5.00. If dividends are expected to grow at a rate of 3% per year forever, what is the dividend yield on Harris stock? (Be sure to use the dividend yield formula given in our textbook as part of the dividend growth model.) o 3% o 3.5% o 4% O 5% 07%

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