Question: he next dividend payment by DEF, Inc., will be $1.31 per share. The dividends are anticipated to maintain a growth rate of 5.68 percent forever.

he next dividend payment by DEF, Inc., will be $1.31 per share. The dividends are anticipated to maintain a growth rate of 5.68 percent forever. If the stock currently sells for $46.91 per share, what is the required return (in percent)? Answer to at least three decimals.

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