Every year. Spriggy Sparklers pays a dividend of $3.25. Spriggy just announced that next year's dividend is expected to be larger due to spinning off a core business. However, after this one time increase, they expect dividends to return to their normal level of $3.25. In reaction to this news, the stock price decreases from $55.80 to $50.45. Assuming that the stock is priced correctly using the dividend discount model, and that dividends return to a constant $3.25 in the future, how has Spriggy's required return changed with this announcement? Required return has increased Required return has not changed Required return has decreased