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#25 The market price of a stock is $55.08 and it just paid $4.68 dividend. The dividend is expected to grow at 3.38% forever. What

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The market price of a stock is $55.08 and it just paid $4.68 dividend. The dividend is expected to grow at 3.38% forever. What is the required rate of return for the stock?

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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