The risk-free rate of return is 3%, the expected rate of return on the market portfolio is 8%, and the stock ABC Corporation has a beta coefficient of 0.8. ABC pays out 50% of its earnings in dividends, and earnings in one year are expected to be $5/share. Dividends are paid annually. The most recent dividend was just paid and its effects are already included in the stock price. The price of ABC in the market is $50/share. What is the rate the growth rate (i.e., dividends grow at this rate forever) implied by the current market price of ABC?