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A stock is trading at $ 39.00 per share. The stock is expected to have a year-end dividend of $ 3.10 per share (Dj), which

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A stock is trading at $ 39.00 per share. The stock is expected to have a year-end dividend of $ 3.10 per share (Dj), which is expected to grow at some constant rate g throughout time. The stock's required rate of return is 12 percent. If you are an analyst who believes in efficient markets, what is your forecast of g? Answer in a percentage without the sign, and round it to two decimal places, 12, 1054 for 10.54% (or 0.1054)

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