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Company F will have earnings per share of $2 this year and expect that they will pay out $1 of these earnings to shareholders in

Company F will have earnings per share of $2 this year and expect that they will pay out $1 of these earnings to shareholders in the form of a dividend. Company F's return on new investments is 6% and their equity cost of capital is 9%. The expected growth rate for Company F's dividends is ________. Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer."

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