Question: Playoffs Co is expected to maintain a constant 3.5 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 2.4

Playoffs Co is expected to maintain a constant 3.5 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 2.4 percent, what is the required return on the company's stock? (Round your final answer to two decimal places)

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