A stock just paid an annual dividend of $9.44 per share. The expected growth rate of the dividend is 2.47%. The required rate of return for the stock is 7.16% 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., 12.34% as 12.34). Answer: Check