A company just paid a dividend of $3.25 on its stock. Investors require a 18% return on the stock. If the stock has an expected capital gains yield of 14.25%, what is the dividend yield for this stock?

Do not round intermediate calculations. Round final answer to two decimal places.

Please show all your work and show your steps. Clearly explain your answer and the steps you take. If writing, please write neatly, no cursive, and write in a linear fashion.