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118 The market price of a stock is $58.78 and it just paid $5.36 dividend. The dividend is expected to grow at 4.13% forever. What

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118 The market price of a stock is $58.78 and it just paid $5.36 dividend. The dividend is expected to grow at 4.13% forever. What is the required rate of return for the stock? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)

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