Jamison Insurance's stock currently sells for $16.00 a share. It just paid a dividend of $2.30 a share (that is, Do-$2.30). The dividend is expected to grow at a constant rate of 5.50% a year. What is the expected rate of return? (Answer as a percent with 2 decimal places. For example, 10 percent should be entered as 10.00. Do not use the % sign)