S MAXIMUS Kennel, Pupples for sale, European Doberman CANIS MAXIMUS - CONTACT, Dobermans puppies, European Seved Bedeker, Inc., has an issue of preferred stock outstanding that pays a $3.95 dividend every year in perpetuity. If this issue currently sells for $94 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