Consider four different stocks, all of which have a required return of 18.75 percent and a most recent dividend of $3.45 per share. Stocks W, X, and Y are expected to maintain constant growth rates in dividends for the foreseeable future of 10.5 percent, 0 percent, and -5.25 percent per year, respectively. Stock Z is a growth stock that will increase its dividend by 20.75 percent for the next two years and then maintain a constant 12.5 percent growth rate, thereafter.

Requirement 1: What is the dividend yield for each of these four stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Dividend yield Stock W 10.5 % Stock X 0 % Stock Y % Stock Z % Requirement 2: What is the expected capital gains yield for each of these four stocks? (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places (e.g., 32.16).)

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