DEF Inc. just paid a $6 dividend last year, which is expected to grow at a 2% rate indefinitely. If the stock sells for $30, what is the companys required rate of return? Round intermediate steps and your final answer to four decimals. Enter your answer in decimal format (EX: .XXXX).

Suppose that MNO stock has a constant, 5% growth rate in dividends. If the constant growth model holds, you would anticipate that MNOs stock price will appreciate by 5% per year, all else being equal. T or F