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Hoffman, Inc., will be $ 3 . 3 5 per share. The dividends are anticipated to maintain a growth rate of 7 . 5 percent

Hoffman, Inc., will be $3.35 per share. The dividends are anticipated to maintain a growth rate of 7.5 percent forever. Assume the stock currently sells for $50.30 per share.
a. What is the dividend yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
b. What is the expected capital gains yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)

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