The price for a share of GDL today is $52.37. You expect the company to have profits of $4.69 per share next year. If you require a 12% 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.