Question: The next dividend payment by Rory Corp. will be $ 1 . 9 6 per share. The dividends are anticipated to maintain a growth rate

The next dividend payment by Rory Corp. will be $1.96 per share. The dividends are
anticipated to maintain a growth rate of 4 percent forever. If the stock currently sells for
$39 per share, what is the required return? (Do not round intermediate calculations
and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Required return
%
The next dividend payment by Rory Corp. will be $1.96 per

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