Consider four different stocks, all of which have a required return of 19 percent and a most recent dividend of $3.50 per share. Stocks W, X, and Y are expected to maintain constant growth rates in dividends for the foreseeable future of 11 percent, 0 percent, and 5.5 percent per year, respectively. Stock Z is a growth stock that will increase its dividend by 21 percent for the next two years and then maintain a constant 13 percent growth rate, thereafter.

What is the dividend yield for each of these four stocks? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	Dividend yield
Stock W	%
Stock X	%
Stock Y	%
Stock Z	%

What is the expected capital gains yield for each of these four stocks? (A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	Capital gains yield
Stock W	%
Stock X	%
Stock Y	%
Stock Z	%