Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $$110$ per share. Investors expect the company to pay a$($n$)$ $$1\mathrm{.}35$ dividend next year, and

they expect that dividend to grow at a constant rate forever. If investors require a$($n$)14\mathrm{.}8\%$ 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.$)$