1. Kuley owns investment A and 1 share of stock B. The total value of his holdings is $3,370. Investment A is expected to pay annual cash flows to Kuley of $570 per year with the first annual cash flow expected later today and the last annual cash flow expected in 6 years from today. Investment A has an expected return of 8.57 percent. Stock B is expected to pay its next annual dividend in 1 year. Stock Bs next dividend is expected to be $12.34 per share and the stock is expected to be priced at $228.77 in 1 year. What is the expected return for stock B? Answer as a rate in decimal form, rounded to 4 decimal places (for example, .1234 or .0987).