Find the market-implied total required return on equity of buying a $195 stock now that's expected to pay annual dividends forever, with the next $19 dividend to be paid in one year (t=1). The dividend is expected to grow forever at 4% per annum . Therefore the second dividend (paid at t=2) is expected to be $19.76(=(19(1+0.04)1). Assume that the stock can be accurately valued with the DDM. The stock's market-implied total required return on equity is: Select one: a. 19%pa b. 17.74359% pa c. 14.293333% pa d. 13.74359%pa e. 8% pa