Stocks X and Y have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is CORRECT?

	X	Y
Price	$25	$25
Expected dividend yield	5%	3%
Required return	12%	10%

a. One year from now, Stock X should have the higher price.

b. Stock X pays a higher dividend per share than Stock Y.

c. Stock Y pays a higher dividend per share than Stock X.

d. Stock Y has a lower expected growth rate than Stock X.

e. Stock Y has the higher expected capital gains yield.