Given the following information for the stock of Foster​ Company, calculate the risk premium on its common stock.     Current price per share of common stock ​$40.91 Expected dividend per share next year ​$3.12 Constant annual dividend growth rate 6.2​% ​Risk-free rate of return 7.9​%     The risk premium on Foster stock is ____% ​(Round to two decimal​ places.)

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