Cardi $B,$ Inc., has an issue of preferred stock outstanding that pays a $$2\mathrm{.}25$ dividend every year in perpetuity. If this issue currently sells for $$54$ per share, what is the required

return? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Multiple Choice

$4\mathrm{.}68\%$

$24\mathrm{.}00\%$

$3\mathrm{.}97\%$

$4\mathrm{.}17\%$

$5\mathrm{.}47\%$