An issue of common stock is selling for $$58\mathrm{.}10.$ The year$-$end dividend is expected to be $$3\mathrm{.}05,$ assuming a constant growth rate of $6\%.$ What is the required rate of return?

Note: Round your answer to $1$ decimal place.

Multiple Choice

$11\mathrm{.}7$

$10\mathrm{.}7$

$13\mathrm{.}2$

$11\mathrm{.}2$