A share of stock has the following expected dividends for the next three years: After year three, this stock's dividend will go into steady state. The firm expects that its dividend payout rate will be 80.0 percent and that its return on equity will be 20.0 percent. If the investor's required rate of return is 15.0 percent, then determine the stock's current (Year 0) expected dividend yield. \begin{tabular}{c} \hline 8.93% \\ \hline 9.22% \\ \hline 9.67% \\ \hline 8.56% \\ \hline 10.01% \end{tabular}