RRR $5.$ Assume you and some friends are analyzing a certain stock for your portfolio. You've each come up with different required rates of return.

$[$Investor $|$ Required Rate of Return$]$;

$[$Fred $|\mathrm{.}15]$;

$[$Leslie$|\mathrm{.}12]$;

$[$Elliot $|\mathrm{.}08].$

Let's say Leslie also thinks markets are efficient and this stock trades for $$13.$ Leslie expects this stock to pay a dividend $4$ years from now of $$2.$ Leslie thinks the expected growth rate of dividends is $3\%.$ The risk$-$free rate is $2\%.$ Leslie requires a risk premium of $\_\_\_\%$ to hold this stock $($round to the nearest whole percent$).$