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You have the following data regarding a share of stock in a particular firm: The dividend at the end of the current year is expected

You have the following data regarding a share of stock in a particular firm:

  • The dividend at the end of the current year is expected to be $5.68/share
  • The dividend is expected to grow at a constant rate forever
  • The dividend growth rate is -9.09%
  • Investors in the stock expect a 24.2% total return from investing in the stock

What will be the dividend yield for the first year (t=0 to t=1)?

please show excel formula

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