Question 20 The current dividend yield on Mike's Fashions common stock is 4.2 percent. The company just paida $3.10 annual dividend and announced plans to pay $3.25 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on this stock 7.82 percent 0 9.51 percent O 7.25 percent 09.04 percent 0 8.87 percent 4 pts