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

• The dividend at the end of the current year is expected to be $4.74/share
• The dividend is expected to grow at a constant rate forever
• The dividend growth rate is -0.26%
• Investors in the stock expect a 24.07% 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%)