The next dividend payment by Savitz, Inc., will be $4.85 per share. The dividends are anticipated to maintain a growth rate of 2 percent forever. If the stock currently sells for $53 per share, what...

The next dividend payment by Savitz, Inc., will be $4.85 per share. The dividends are anticipated to maintain a growth rate of 2 percent forever.

If the stock currently sells for $53 per share, what is the required return?

A. 9.15%