You've collected the following information

from a financial web site.

According to your research, the growth rate in dividends for

Palm Coal for the previous $10$ years has been $3\mathrm{.}04$ percent.

If investors feel this growth rate will continue, what is the

required return for Palm Coal stock? $($Do not include the

percent sign $(\%).$ Round your answer to $2$ decimal places

$($e$.$g$.,32\mathrm{.}16).)$