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The next dividend payment by Im , Incorporated, will be $ 3 . 4 0 per share. The dividends are anticipated to maintain a growth

The next dividend payment by Im, Incorporated, will be $3.40 per share. The dividends are anticipated to maintain a growth rate of 7.75 percent forever. Assume the stock currently sells for $50.40 per share.
a. What is the dividend yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
b. What is the expected capital gains yield?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
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