Krell Industries has a share price of $22.79 today. If Krell is expected to pay a dividend of 1.19% this year and its stock price is expected to grow to 23.33% at the end of the​ year, what is​ Krell's dividend yield and equity cost of​ capital? The dividend yield is _____%. ​(Round to one decimal​ place.)

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter9: The Cost Of Capital
Section: Chapter Questions
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Krell Industries has a share price of $22.79 today. If Krell is expected to pay a dividend of 1.19% this year and its stock price is expected to grow to 23.33% at the end of the​ year, what is​ Krell's dividend yield and equity cost of​ capital?

The dividend yield is _____%.  ​(Round to one decimal​ place.)

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