The next dividend payment by Savitz, Incorporated, will be $$4\mathrm{.}45$ per share. The dividends are anticipated to maintain a growth rate of $3$ percent forever.

If the stock currently sells for $$45$ per share, what is the required return?

Multiple Choice

$$

$12\mathrm{.}24\%$

s

$3\mathrm{.}00\%$

$9\mathrm{.}89\%$

$$

$12\mathrm{.}89\%$

$$

$12\mathrm{.}63\%$