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For the most recent year, Garmin ( GRMN ) just paid an annual dividend of $ 2 . 6 . The current stock price for

For the most recent year, Garmin (GRMN) just paid an annual dividend of $2.6. The current stock price for Garmin is $53.52. An analyst has estimated a required return of 7.4% for Garmin.
Utilizing the single-stage dividend discount model, what is the implied constant growth rate in dividends for Garmin?
Enter your answer in decimal form out to four decimals. For example, you would enter r=10.15% as 0.1015. Use a leading negative sign if your calculated growth rate is negative.

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