Question $18(1$ point$)$

The common stock of a company sells for $$37\mathrm{.}00$ a share. The stock is expected to pay a dividend of $$2\mathrm{.}60$ per share next year. ABC Company has established a pattern of increasing their dividends by $4\mathrm{.}5$ percent annually and expects to continue doing so$.$ What is the market rate of return on this stock? Enter as a percentage rounded to two places past the decimal point. as a decimal and round to four places past the decimal point. Example, enter $15\mathrm{.}82\%,$ not $0\mathrm{.}1582.$

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