16. IBIS Corporation has had dividends grow from $2.50 per share to $6.85 per share over the last 10 years (the $6.85 per share dividend was paid yesterday; that is, D0=$6.85 ). This compounded annual growth rate in dividends is expected to continue into the future forever. If the current market price of IBIS's stock is $54.00 per share, what rate of return do investors expect to receive from buying IBIS stock? (Record your answer rounded to 1 decimal place; for example, record 18.29654% as 18.3 )