The next dividend payment by Im, Incorporated, will be $3.35 per share. The dividends are anticipated to maintain a growth rate of 2.50 percent forever. If the stock currently sells for $50.30 per share, what is the required return? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Required return %

The next dividend payment by Im, Incorporated, will be \$3.35 per share. The dividends are anticipated to maintoin a growth rate of 2.50 percent forever. If the stock currently sells for $50.30 per share. What is the required return? Note: Do not round intermediate calculations and round your answer to 2 decimol places, e.g., 32.16