Investors expect the following series of dividends from a particular common stock: Year 1 $1.10 Year 2 $1.25 Year 3 $1.45 Year 4 $1.60 Year 5 $1.75 After the fifth year, dividends will grow at a constant rate. If the required rate of return on this stock is 9% and the current market price is $45.64, what is the long-term rate of dividend growth expected by the market