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The price for a share of GDL today is $50.70. You expect the company to have profits of $4.23 per share next year. If you
The price for a share of GDL today is $50.70. You expect the company to have profits of $4.23 per share next year. If you require a 13% return to invest in GDL, what constant growth rate is necessary to justify the current share price? Round all your calculations to at least 4 decimals. Enter your answer as a decimal (NOT a percent) and round to 4 decimals. For example 0.1234
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