Suppose you expect Koch Industries to pay an annual dividend of $2.31 per share in the coming year and to trade $82.75 per share at the end of the year. If investments with equivalent risk to Kochs stock have an expected return of 8.9%, what is the most you would pay today for Kochs stock?

What dividend yield and capital gain rate would you expect at this price?

Please show the steps needed to find P0, capital gains rate and Dividend yield.