Problem $8-3$ Stock Values $[$LO$1]$

The next dividend payment by Im$,$ Incorporated, will be $$1\mathrm{.}56$ per share. The dividends are anticipated to maintain a growth rate of $4$ percent forever. The stock currently sells for $$29$ 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$.,32\mathrm{.}16.)$

b$.$ What is the expected capital gains yield? $($Enter your answer as a percent.$)$