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Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $119 per share. Investors expect the company to pay a(n) $1.31

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Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $119 per share. Investors expect the company to pay a(n) $1.31 dividend next year, and they expect that dividend to grow at a constant rate forever. If investors require an) 13.2% return on this stock, what is the dividend growth rate that they are anticipating? The anticipated dividend growth rate is %. (Round to two decimal places.)

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