Q3) The current price of Janco stock is $28.23 . Dividends are expected to grow at 4.53% indefinitely and the most recent dividend paid yesterday was $2.78. Compute the following for Janco stock:

a) The required rate of return: (1.5 points)

b) The dividend yield: (1.0 points)

c) Capital gains yield: (1.0 points)