ABC Company has been growing at a 10% rate, and it just paid a dividend of D₀ = $3.00. Due to a new product, ABC expects to achieve a dramatic increase in its short-run growth rate, to 20 percent annually for the next 2 years. After this time, growth is expected to return to the long-run constant rate of 10 percent. The company's beta is 2.0, the required return on an average stock is 11 percent, and the risk-free rate is 7 percent. What should the dividend yield (/P₀) be today?

	a.	4.60%
	b.	2.33%
	c.	3.93%
	d.	7.54%
	e.	10.00%