I too am waiting for his response. From what I hear these days, rates of 1-2% might be high end and for longterm.
Far as I know there is no such thing as a 10% dividend on a quality stock. I did find 7% on either AT&T or Verizon but my broker talked me out of it due to the actual stock.
Personally I think real estate is a better investment ...if I can deal with the renters.