Today you buy 1,000 shares of in Apple Co. at $127.66 per share. After one quarter, the share price rises to $158.74 per share. At the end of this quarter, Apple pays a cash dividend of $2.32 per share. Assume that you reinvest your cash dividends in Apple stock.

What is the annualized, continuously compounded dividend yield for Apple, given this information?

Do not round values at intermediate steps in your calculations. Enter your answer in percent to two decimal places, but omit the % symbol. For example, enter 5.38% as 5.38 in your answer.