Redan, Inc., is expected to maintain a constant $5\mathrm{.}65$ percent growth rate in its dividends, indefinitely.

If the company has a dividend yield of $4\mathrm{.}15$ 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$.,32\mathrm{.}16.)$

Required return

$\%$