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26- #4 The market price of a stock is $43.43 and it just paid $4.80 dividend. The dividend is expected to grow at 2.18% forever.

26- #4

The market price of a stock is $43.43 and it just paid $4.80 dividend. The dividend is expected to grow at 2.18% forever. What is the required rate of return for the stock?

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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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