A stock is selling today for $75 per share. At the end of the year, it pays a dividend of $3 per share and sells for $84.

a.	What is the total rate of return on the stock? (Enter your answer as a whole percent.)

Rate of return

%

b.	What are the dividend yield and percentage capital gain? (Enter your answers as a whole percent.)

Dividend yield	%
Capital gains yield	%

c.	Now suppose the year-end stock price after the dividend is paid is $72. What are the dividend yield and percentage capital gain in this case? (Negative amounts should be indicated by a minus sign. Enter your answers as a whole percent.)

Dividend yield	%
Capital gains yield	%

d.	Is there any change in the dividend yield calculated in parts (b) and (c)?

The dividend yield is (Click to select)affectedunaffected; it is based on the (Click to select)initial pricefinal price.