Youve collected the following information from your favorite financial website.

52-Week Price		Stock (Div)	Div Yld %	PE Ratio	Close Price	Net Chg
Hi	Lo
77.40	10.43	Palm Coal 0.36	2.6	6	13.90	0.24
55.81	33.42	Lake Lead Grp 1.54	3.8	10	40.43	0.01
130.93	69.50	SIR 2.00	2.2	10	88.97	3.07
50.34	14.05	DR Dime .90	5.8	6	15.53	0.26
35.00	20.74	Candy Galore 0.32	1.5	28	??	0.18

According to your research, the growth rate in dividends for DR Dime for the previous 10 years has been 11 percent.

Required:

If investors feel this growth rate will continue, what is the required return for DR Dime stock? (Do not round intermediate calculations. Negative amount should be indicated by a minussign. Round your answer to 2 decimal places

Required return	%