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The price for a share of GDL today is $57.69. You expect the company to have profits of $4.97 per share next year. If you

The price for a share of GDL today is $57.69. You expect the company to have profits of $4.97 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

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