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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 $2.22/share

The dividend is expected to grow at a constant rate forever

The dividend growth rate is 0.17%

Investors in the stock expect a 18.68% total return from investing in the stock

What will be the dividend yield for the first year (t=0 to t=1 )? (Answer to the nearest 0.01%)

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