The current price of Janco stock is $16.77. Dividends are expected to grow at 4.4% indefinitely and the most recent dividend paid yesterday was $3.93. What is the required rate of return, dividend yield, and capital gains yield on Janco’s stock? (show your answers to 4 decimal places)

Required return= 28.87%

Dividend yield= 24.4658%

Capital gains yield= 4.4%

Explanation:

Required return=(D1/Current price)+Growth rate

=(3.93*1.044)/16.77+0.044

=28.8658%(or 0.2887 approx)

Dividend yield=Dividend for next period/Current price

=(3.93*1.044)/16.77

=24.4658%(or 0.2447 approx)

Capital gains yield=Growth Rate

=4.4%(or 0.044)

answer; i believe the correct answer is (business necessity defense;

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants