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You've collected the following information from your favorite financial website. 52-Week Price Div Hi Yld % 78.9 3.3 55.81 LO 10.58 33.42 69.50 13.95 Stock
You've collected the following information from your favorite financial website. 52-Week Price Div Hi Yld % 78.9 3.3 55.81 LO 10.58 33.42 69.50 13.95 Stock (Div) Palm Coal 0.51 Lake Lead Grp 1.54 SIR 2.00 DR Dime 0.80 Candy Galore PE Close Net Ratio Pric Chg 15.40 0.24 1040.430 10 997 3.07 15. 0.26 28 ?? 3.8 2.2 5.2 1.5 130.93 50.24 35.00 20.74 0.32 According to your research, the growth rate in dividends for Palm Coal for the previous 10 years has been 4.25 percent Required: If investors feel this growth rate will continue, what is the required return for Palm Coal stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Required return
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