Consider four different stocks, all of which have a required return of 18 percent and a most recent dividend of $3.55 per share. Stocks W, X, and Y are expected to maintain constant growth rates in dividends for the foreseeable future of 11.5 percent, 0 percent, and 6 percent per year, respectively. Stock Z is a growth stock that will increase its dividend by 20 percent for the next two years and then maintain a constant 13.5 percent growth rate, thereafter.

a.	Stock W dividend yield		%
	Stock X dividend yield		%
	Stock Y dividend yield		%
	Stock Z dividend yield		%
b.	Stock W capital gains yield		%
	Stock X capital gains yield		%
	Stock Y capital gains yield		%
	Stock Z capital gains yield		%

a.

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.)

b.

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.)