Excellence Inc.'s annual dividends are indicated below. Find the required rate of return for this stock, assuming the future dividend growth rate will remain the same and the company has an infinite horizon. Assume the January 1, 2011 price of the stock was $31.00. What was the required return for Excellence Inc.'s stock? 2005 2002 2003 2004 2006 2008 Year 2001 2007 2009 2010 $1.06 $1.11 $1.24 $1.30 $1.37 $1.53 $1.61 $1.80 $2.02 $0.95 Dividend