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You've collected the following information from your favorite financial website. 52-Week Price Hi 77.40 55.81 130.93 50.28 35.00 Lo 10.43 33.42 69.50 13.99 20.74 Stock
You've collected the following information from your favorite financial website. 52-Week Price Hi 77.40 55.81 130.93 50.28 35.00 Lo 10.43 33.42 69.50 13.99 20.74 Stock (Div) Palm Coal.36 Lake Lead Grp 1.54 SIR 2.00 DR Dime.84 Candy Galore .32 Div Yld % 2.6 3.8 2.2 5.4 1.5 PE Ratio 6 10 10 6 28 Close Price 13.90 40.43 88.97 15.47 ?? Net Chg -.24 -.01 3.07 -.26 .18 According to your research, the growth rate in dividends for DR Dime for the previous 10 years has been negative 14 percent. If investors feel this growth rate will continue, what is the required return for DR Dime stock? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return 26.67: %
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