Judy's Boutique just paid an annual dividend of $$1\mathrm{.}48$ on its common stock and increases its dividend by $2\mathrm{.}2$ percent annually. What is the rate of return on this stock if the current stock price is $$29\mathrm{.}60$ a share?

Group of answer choices

$8\mathrm{.}37$ percent

$8\mathrm{.}33$ percent

$7\mathrm{.}31$ percent

$7\mathrm{.}54$ percent

$8\mathrm{.}19$ percent