The next dividend payment (one year from now) by Skippy, Inc., will be $2.08 per share. The dividends are anticipated to maintain a growth rate of 6 percent, forever. The stock currently sells for $42 per share.

FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS AND A DOT FOR DECIMALS, do not fill in any currency sign ($, etc). So for instance, One-hundred-thousand-and-fourty euros and 50 cents would be 100,040.50. For percentages use a dot and NO % sign. For instance if you think an answer is seven per cent and 22 hundredths, write 7.22 )

Required:

What is the required return?