Rascal, Inc., has an issue of preferred stock outstanding that pays a $$10\mathrm{.}2$ dividend every year in perpetuity. If this issue currently sells for $$88\mathrm{.}71$ per share, the required return is percent. Express in percentage without the $\%$ sign, and round it to two decimal places, e$.$g$.,13\mathrm{.}45.$

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