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You've collected the following information from your favorite financial website. 52-Week Price Lo 47.80 Div Yld % 1.9 Hi 64.60 PE Ratio 235.6 70.9 Close

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You've collected the following information from your favorite financial website. 52-Week Price Lo 47.80 Div Yld % 1.9 Hi 64.60 PE Ratio 235.6 70.9 Close Price 62.91 Net Chg -.05 1.8 .62 145.94 171.13 91.80 70.28 139.13 71.96 Stock (Div) Abbott 1.12 Ralph Lauren 2.50 IBM 6.30 Duke Energy 3.56 Disney 1.68 139.71 145.39 4.3 23.8 .19 4.9 17.6 74.30 .84 113.19 96.20 1.7 15.5 ?? 10 According to your research, the growth rate in dividends for Abbott Laboratories for the previous 5 years has been negative 11.5 percent. If investors feel this growth rate will continue, what is the required return for the company's stock? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Required return %

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