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Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $114 per share. Investors expect the company to pay a(n) $1.35

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Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $114 per share. Investors expect the company to pay a(n) $1.35 dividend next year, and they expect that dividend to grow at a constant rate forever. If investors require a(n) 15 8% return on this stock, what is the dividend growth rate that they are anticipating? The anticipated dividend growth rate is 1% (Round to two decimal places)

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