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For the most recent year, Garmin (GRMN) just paid an annual dividend of $3.7. The current stock price for Garmin is $51.9. An analyst has

For the most recent year, Garmin (GRMN) just paid an annual dividend of $3.7. The current stock price for Garmin is $51.9. An analyst has estimated a required return of 6.4% for Garmin. Utilizing the single-stage dividend discount model, what is the implied constant growth rate in dividends for Garmin?

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