$($Calculating rates of return$)$ The common stock of Placo

Enterprises had a market price of $$8\mathrm{.}34$ on the day you purchased it

just one year ago. During the past year, the stock had paid a

dividend of $$0\mathrm{.}54$ and closed at a price of $$11\mathrm{.}47.$ What rate of

return did you earn on your investment in Placo's stock? $($Round to

two decimal places.$)$