IntegrativeRisk and ValuationGiven the following information for the stock of FosterCompany, calculate the risk premium on its common stock.(Click on the icon located on thetop-right corner of the data table below in order to copy its contents into aspreadsheet.)

Current price per share of common stock

$46.63

Expected dividend per share next year

$4.62

Constant annual dividend growth rate

6.5%

Risk-free rate of return

6.1%

The risk premium on Foster stock is

nothing

%. (Round to two decimalplaces.)