If I own 10 ITM shares and if 10 board members are to be elected, under cumulative voting I can cast a maximum of in favor of one nominee.

3. AT&D currently in 2021) pays $2.08 in dividends per share. Next year's (2022) dividends are expected to be $2.16 per share and the dividends are expected to grow at the same rate forever as the growth rate between 2021 and 2022. AT&D's stock price today is $30.75. What rate of retum are shareholders requiring, given the above information