Question: The next dividend payment by Zone, Inc., will be $ 1.84 per share. The dividends are anticipated to maintain a growth rate of 5 percent

The next dividend payment by Zone, Inc., will be $ 1.84 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $36 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

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