Problem 8-5 Stock Valuation (LO1] Grateful Eight Co. is expected to maintain a constant 5.4 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 7.2 percent, what is the required return on the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return % Bedeker, Inc., has an issue of preferred stock outstanding that pays a $4.15 dividend every year in perpetuity. If this issue currently sells for $95 per share, what is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return %