Foxburo Company expects to pay a $$2\mathrm{.}66$ per share cash dividend this year on its common stock. The current market value of Foxburo stock is $$35\mathrm{.}00$ per share.

Compute the expected dividend yield.

If a competitor with a dividend yield of $3\%$ is considered an income stock, would we classify Foxburo as a growth or an income stock?

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Dividend Yield,$\backslash$table$[[$Dividend$],[$Classification$]]]]$

Compute the expected dividend yield.

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