According to the 2015 Value Line Investment Survey, the growth rate in dividends for Alcoa for the previous 10 years has been negative 15 percent. If investors feel this growth rate will continue, what is the required return for Alcoa stock? Does this number make sense? What are some of the potential reasons for the negative growth in dividends?

(The 52-week Hi and Lo are the highest and lowest stock prices over the previous 52 weeks).

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52-Week Price Div Yld % PE Ratio Close Price Net Ch Hi Lo Stock(Div) 7.75 11.72 Alcoa.12 90.48 Analogic .40 .9 .5 2.7 3.7 .9 63.3 13.30 27 86.39 149.52 55.75 34.26 33.7 13.2 20.2 32.8 -.74 156.752.52 62 .09 99.21BM 4.25 44.75Laclede Group 1.84 25.27 50.20 ?2 Tootsie Roll.31