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#29 The market price of a stock is $45.85 and it is expected to pay a $2.15 dividend next year. The dividend is expected to

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#29 The market price of a stock is $45.85 and it is expected to pay a $2.15 dividend next year. The dividend is expected to grow at 4.21% forever. What is the required rate of return for the stock? Submit Answer format: Percentage Round lo. O decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex 0.09)) 30 A stock just paid dividend

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