Constant Growth Rate, gL A stock is trading at $60 per share. The stock is expected to have a year-end dividend of $4 per share (D1 = $4), and it is expected to grow at some constant rate gL throughout time. The stock's required rate of return is 13% (assume the market is in equilibrium with the required return equal to the expected return). What is your forecast of gL? Do not round intermediate calculations. Round the answer to two decimal places..