Question: Problem 7-2 Stock Values [LO 1] The next dividend payment by Wyatt, Inc., will be $3.35 per share. The dividends are anticipated to maintain a

Problem 7-2 Stock Values [LO 1]

The next dividend payment by Wyatt, Inc., will be $3.35 per share. The dividends are anticipated to maintain a growth rate of 2.50 percent, forever.

Required:

If the stock currently sells for $50.30 per share, what is the required return? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Required return

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