One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock has a market price of $46.06 per share, compared to Bill's purchase price of $40.05 a share. During the year, Bill collected dividends of $0.32 per share. Compute Bill's realized rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).