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show work, not excel #24 The market price of a stock is $46.61 and it is expected to pay a $3.97 dividend next year. The

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#24 The market price of a stock is $46.61 and it is expected to pay a $3.97 dividend next year. The dividend is expected to grow at 4.90% forever. What is the required rate of return for the stock? Submit Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

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