Question: The next dividend payment by Hot Wings Inc. will be $4 95 per share. The dividends are anticipated to maintain a 6 percent growth rate

The next dividend payment by Hot Wings Inc. will be $4 95 per share. The dividends are anticipated to maintain a 6 percent growth rate forever. If the stock currently sells for $58 per share the required return is percent. (Do not include the percent sign (%). Round your answer to 2 decimal places, (e.g. 32.16))

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