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Assume a corporation has just paid a dividend of $ 1.49 per share. The dividend is expected to grow at a rate of 3.8% per

Assume a corporation has just paid a dividend of $ 1.49 per share. The dividend is expected to grow at a rate of 3.8% per year forever, and the discount rate is 8.9%. What is the dividend yield of this stock? Hint 1: what do the Dividend Yield and Capital Gains Yield add up to? Hint 2: if the dividend grows at the same rate forever, what is equal to the Capital Gains Yield

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