You've collected the following information from your favorite financial website. 52- Week Price Div PE Close Net Hi Lo Stock (Div) Yld % Ratio Price Chg 79.00 10.59 Palm Coal.52 3.4 6 15.50 - 24 Lake Lead Grp 55.81 33.42 10 40.43 -.01 1.54 130.93 69.50 SIR 2.00 2.2 10 88.97 3.07 50.24 13.95 DR Dime.80 5.2 6 15.43 - 26 35.00 20.74 Candy Galore 32 1.5 28 ?? .18 3.8 According to your research, the growth rate in dividends for Palm Coal for the previous 10 years has been 3.5 percent. If investors feel this growth rate will continue, what is the required return for Palm Coal stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return 6.62 %