Caccamise Company is expected to maintain a constant $5$ percent growth rate in its dividends indefinitely. If the company has a dividend yield of $6\mathrm{.}8$ percent, what is the required return on the company's stock? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Required return

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