The next dividend payment by Savitz, Incorporated, will be $$4\mathrm{.}35$ per share. The dividends are anticipated to maintain a growth rate of $3$ percent forever.

If the stock currently sells for $$47$ per share, what is the required return?

Multiple Choice

$9\mathrm{.}26\%$

$11\mathrm{.}64\%$

$3\mathrm{.}00\%$

$12\mathrm{.}26\%$

$12\mathrm{.}01\%$