Suppose that two factors have been identified for the US, economy: the growth rate of industrial production, IP, and the inflation rate, IR. IP is expected to be 2%, and IR 20% A stock with a beta of 09 on IP and 0.4 on iR currently is expected to proyide a rate of refurn of 6%. If industrial production actually grows by 4%, whilfe the inflation rate turns out to be 4.0%, what is your revised estimate of the expected rate of return on the stock? (Do not round intermediate calculations. Round your answer to 1 decimal ploce.)