PQR$,$ Inc., has an issue of preferred stock outstanding that pays a $$4\mathrm{.}05$ dividend every year, in perpetuity. If this issue currently sells for $$32\mathrm{.}01$ per share, what is the required return in percent? Answer to two decimals.

$2.$ The stock price of XYZ Co$.$ is $$23\mathrm{.}68.$ Investors require an $9\mathrm{.}6$ percent rate of return on similar stocks. If the company plans to pay a dividend of $$3\mathrm{.}41$ next year, what constant growth rate $($in percent$)$ is expected for the company's stock price? Answer to two decimals.