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You plan to purchase today 1000 shares of Snyder Chemical Works common stock at $22.50 per share. You intend to hold the stock for 5

You plan to purchase today 1000 shares of Snyder Chemical Works common stock at $22.50 per share. You intend to hold the stock for 5 years at which time you expect the stocks P/E to be 18. At the time of sale you expect the EPS of the company to be $3.10. If the company pays a dividend of $2.00 per share annually (i.e., $0.50 per quarter) and you expect to be able to reinvest the dividends at an average annual money market rate of 2%, what is your Horizon Yield (HY) for this stock position.

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