The common stock of Eddie's Engines, Incorporated, sells for $$45\mathrm{.}38$ a share. The stock is expected to pay a dividend of $$3\mathrm{.}80$ per share next year. Eddie's has established a pattern of increasing their dividends by $5\mathrm{.}9$ percent annually and expects to continue doing so$.$ What is the market rate of return on this stock?

Multiple Choice

$8\mathrm{.}37\%$

$14\mathrm{.}27\%$

$16\mathrm{.}80\%$

$6\mathrm{.}96\%$

$11\mathrm{.}94\%$