The next dividend payment by Hoffman, Inc., will be $2.60 per share. The dividends are anticipated to maintain a growth rate of 6.25 percent forever. 3.5 points If the stock currently sells for $48.80 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Skipped Required return eBook Hint Print References