A share of stock is expected to pay no dividends for 4 years. After

that, it will pay a dividend of $3.00 (D), and the dividend is

expected to grow by $0.07 in each future year (i.e., $3.07 in Year 6,

$3.14 in Year 7, $3.21 in Year 8, etc.). Investors require a 12.0

percent rate of return. As you can calculate, the current price (Year

0) for this stock is $18.98 per share, and its current dividend yield is

(D;/Po) is 0%. Determine the expected dividend yield at Year 10

(D11/P10).