You've collected the following information from your favorite financial website 52-Week Price Hi Close Net YId % Ratio Price Chg 15.20-24 40.43 -.01 88.973.07 15.43-26 Div PE Stock (Div) 78.7 55.81 130.93 50.24 35.00 Lo 10.56 33.42 69.50 13.95 20.74 Palm Coal.49 Lake Lead Grp 1.54 SIR 2.00 DR Dime .80 Candy Galore .32 3.2 3.8 2.2 5.2 1.5 10 10 6 28 According to your research, the growth rate in dividends for Palm Coal for the previous 10 years has been 3.75 percent. If investors feel this growth rate will continue, what is the required return for Palm Coal stock? (Do not round intermediate calculations and enter your answer rounded to 2 decimal places, e.g., 32.16.) Required return