Response to the following problem:
Mary Blake is considering whether to buy stocks or bonds. She has a good understanding of the pros and cons of both. The stock she is looking at is trading at $59.25, with an annual dividend of $3.99. Meanwhile, the bond is trading at 96.25, with an annual interest rate of 11 1/2%.
Calculate for Mary her yield (to the nearest tenth percent) for the stock and the bond.