You'd like to use market data to infer the required rate of return for Bledsoe Stock. You know that Bledsoe pays all its earnings as dividends each year, and it will pay its next dividend of $2.95 exactly one year from now. If Bledsoe's most recent stock price was $21.80, what is the stock's required rate of return according to efficient markets? Enter your answer as a decimal and show four decimal places. For example, if your answer is 5.25%, enter .0525.