A stock just paid an annual dividend of $$4\mathrm{.}35$ per share. The expected growth rate of the

dividend is $14\mathrm{.}7\%.$ The required rate of return for the stock is $16\mathrm{.}54\%$ per annum. Based on

the Dividend Discount Model, what is the expected dividend yield for the stock for the

coming year? Answer as a percentage, $2$ decimal places $($e$.$g$.,12\mathrm{.}34\%$ as $12\mathrm{.}34).$

Answer: