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P Flag question Question 11 Not yet answered Marked out of 2.50 Loomstar Limited ordinary shares have a current market price of $24.35 and the

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P Flag question Question 11 Not yet answered Marked out of 2.50 Loomstar Limited ordinary shares have a current market price of $24.35 and the last dividend it paid was $0.96. It has been estimated that the firm will grow at 6.6% per year forever. What is the required return for Loomstar's ordinary shares? Please type your answer to three decimal placess. (For example 9.82% should be shown as 0.098)

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