You've collected the following information from your favorite financial website.

According to analysts, the growth rate in dividends for Acevedo for the previous five years has been negative $10\mathrm{.}5$ percent. If

investors feel this growth rate will continue, what is the required return for the company's stock?

Note: 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$.,32\mathrm{.}16.$

Required return