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Company FIN3610-ETRA's stock is currently selling for $37. The company alms to maintain a constant dividend growth rate and we also know the following Information:

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Company FIN3610-ETRA's stock is currently selling for $37. The company alms to maintain a constant dividend growth rate and we also know the following Information: D1 (dividend in the next perlod) = $1.88; g (constant dividend growth rate) = 4%. Please calculate the rate of return required by the company's shareholders (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return %

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