A companys stock price currently is $66.37 per share. If the companys last dividend was $5.10 per share and the dividends are expected to grow forever at a constant rate of 5.1% per year, what is the stocks annual required return?

Question 18 options:

1)

12.5%

2)

14.1%

3)

13.2%

4)

11.7%

5)

10.4%