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#24 The market price of a stock is $25.56 and it is expected to pay a $3.41 dividend next year. The dividend is expected to

#24

The market price of a stock is $25.56 and it is expected to pay a $3.41 dividend next year. The dividend is expected to grow at 3.87% forever. What is the required rate of return for the stock?

Answer format:Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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