Consider a stock that that is expected to pay a dividend of $$1\mathrm{.}69$ a year from now. The dividend is expected to grow at a constant rate of $2\mathrm{.}7\%$ per year. The current price of the stock is $$42\mathrm{.}08.$ What rate of return are investors expecting? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below rounded to $2$ DECIMAL PLACES.

Number

$\%$