I need help solving this particular problem about required return on stock

6. As you know, any individual's view of opportunity cost is likely to be different from others'. Prices in the market - whether bonds or stocks - communicate something about what market participants overall see as opportunity cost. Or, in more market specific terms, required returns.

So say you see that Fake Company Zeta closed today at $16.22. You also know that the company just announced its most recent annual dividend of $2.37. Plus, the company has a history of increasing dividends about 2.5% each year. Given this information, what is the market communicating about a required return on this stock?

enter your answer as a decimal and rounded to the nearest fourth decimal.Do not enter as a percent. Do not use percent signs, dollar signs, or commas.

6. As you know, any individual's view of opportunity cost is likely to be different from others'. Prices in the market - whether bonds or stocks - communicate something about what market participants overall see as opportunity cost. Or, in more market specific terms, required returns. So say you see that Fake Company Zeta closed today at $16.22. You also know that the company just announced its most recent annual dividend of $2.37. Plus, the company has a history of increasing dividends about 2.5% each year. Given this information, what is the market communicating about a required return on this stock? enter your answer as a decimal and rounded to the nearest fourth decimal. Do not enter as a percent. Do not use percent signs, dollar signs, or commas