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A stock just paid an annual dividend of $ 1 . 8 1 per share. The expected growth rate of the dividend is 5 .

A stock just paid an annual dividend of $1.81 per share. The expected growth rate of the dividend is 5.02%. The required rate of return for the stock is 10.7% per annum. Based on the Dividend Growth Model, what is the expected dividend yield for the stock for the coming year? Answer as a percentage, 2 decimal places (e.g.,12.34% as 12.34).
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