Question 12 Not yet answered Marked out of 10.00 A stock just paid an annual dividend of $3.22 per share. The expected growth rate of the dividend is 16.32%. The required rate of return for the stock is 20.98% per annum. Based on the Dividend Growth 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)