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Foxburo Company expects to pay a $2.10 per share cash dividend this year on its common stock. The current market value of Foxburo stock is

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Foxburo Company expects to pay a $2.10 per share cash dividend this year on its common stock. The current market value of Foxburo stock is $28.00 per share. Compute the expected dividend yield on the Foxburo stock. Dividend Yield Choose Numerator: / Choose Denominator: Dividend Yield 1 Dividend Yield / % Would you classify the Foxburo stock as a growth or an income stock? O Growth stock O Income stock

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