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A firm has a constant dividend payout ratio. Last year the firm had net income of $44 million and paid out dividends of $30.8 million.

A firm has a constant dividend payout ratio. Last year the firm had net income of $44 million and paid out dividends of $30.8 million. The firm's return on equity is expected to be 6% for the foreseeable future. This stock's growth rate in dividends (g) should be ______.

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