According to your research, the growth rate in dividends for Palm Coal for the previous 10 years has been 4.25 percent.

Required:

If investors feel this growth rate will continue, what is the required return for Palm Coal stock?

hi	lo	stock(div)	div yld %	PE rato	close price	net change
77.7	10.46	palm coal 0.39	2.7	6	14.20	-0.24
55.81	33.42	lake lead frp 1.54	3.8	10	40.43	-0.01
130.93	69.50	SIR 2.00	2.2	10	88.97	3.07
50.24	13.95	DR Dime 0.80	5.2	6	15.43	-.026
35.00	20.74	Candy galore 0.32	1.5	28	??	0.18