ABC Company has been growing at a 8% 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 3 years. After this time, growth is expected to return to the long-run constant rate of 8 percent. The required return on ABC stock is 13 percent. What should the dividend yield (

₁/P₀) be today? (hint you need to calculate the price before you can find the dividend yield).