I would like some clarification on this exam question. I guessed it correctly, but I need to understand if a formula is used, and if so, which one? If I need to solve it, how is it solved (without Excel)? If there is no need to solve it mathematically, what specific concepts should I review for my final exam as it pertains to this problem? Thank you!

Stocks X and Y have the following data. Assuming the stock market is in equilibrium, which of the following statements is correct? X X Price $30 $30 Expected Growth 6% 4% Required Return 12% 10% Stock X has a higher dividend yield than Stock Y. Stock Y has a higher dividend yield than Stock X. One year from now, Stock X's price is expected to be higher than Stock Y's price. Stock X has the higher expected year-end dividend. Stock Y has a higher capital gains yield