Your company had net income of $87,500 for the year just ended. Dividends of $40,250 were paid on the company's beginning equity of $962,500. If the company has 66,000 common shares outstanding with a current market price of $8.00 per share, what is the required rate of return on the shares assuming a constant sustainable growth rate of dividends?

Question 30 options:

	11.62%
	11.94%
	12.26%
	12.58%
	12.91%