Jefferson company's dividends were; $2 eight years ago, $2.15 seven years ago, $1.95 six years ago, $2.20 five years ago, $2.30 four years ago, $2.38 three years ago, $2.45 two years ago, $2.15 last year and just paid $2.35. If the stock is currently selling for $50.25, what is the required rate of return for this stock?