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Foxburo Company expects to pay a $2.28 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 $2.28 per share cash dividend this year on its common stock. The current market value of Foxburo stock is $30.00 per share. Compute the expected dividend yield on the Foxburo stock. Choose Numerator: Dividend Yield 1 Choose Denominator: Dividend Yield Dividend Yield Would you classify the Foxburo stock as a growth or an income stock? Growth stock Income stock

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