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The current dividend yield (hint: R-g) on Silver Spring Food's common stock is 3.80 percent. The company just paid a $2.86 annual dividend and announced

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The current dividend yield (hint: R-g) on Silver Spring Food's common stock is 3.80 percent. The company just paid a $2.86 annual dividend and announced plans to pay $2.95 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? (HINT: Solve for Po first, then g and then solve for R)

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