### Calculate expected capital gains yield of FPL stock using CAPM

Please help with the following problem. Provide step by step calculations. Suppose FPL will pay an annual dividend of $2.48 in 1994, and assume the market risk premium (RM - Rf) is 7.5% and the risk free interest rate is 7.3% (the current yield on 30-year T-bonds from Exhibit 8), and FPL Group Inc. stock is selling at $34 pe