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You've collected the following information from your favorite financial website. 52-Week Price HI 64.60 145.94 171.13 91.80 113.19 Lo 47.80 70.28 139.13 71.96 96.20 Stock

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You've collected the following information from your favorite financial website. 52-Week Price HI 64.60 145.94 171.13 91.80 113.19 Lo 47.80 70.28 139.13 71.96 96.20 Stock (Div) Abbott 1.12 Ralph Lauren 2.50 IBM 6.30 Duke Energy 3.56 Disney 168 Div Yld % 1.9 1.8 4.3 4.9 1.7 PE Close Net Ratio Price Chg 235.6 62.91 -05 70.9 139.71 .62 23.8 145.39 19 17.6 74.30 .84 15.5 ?? 10 According to your research, the growth rate in dividends for Duke Energy for the next 5 years will be 4.5 percent. If investors feel this growth rate will continue, what is the required return for the company's stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return %

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