(e) Assume you currently own a stock like AT&T (T) which posts a dividend of $2.04 per year on that share, and the current price is $39.23. Suppose that you and other investors expect to get about a 10.5% per year rate of return by owning the stocks of other very similar companies. If AT&T profits are expected to grow at 5.3% per year, what would be the dividend yield for this stock