the S&P$500$ is trading at $4,200,$ and the expected dividend over the next year is $$63\mathrm{.}00.$ You expect the economy to grow by $3\%$ annually, and the annual inflation rate will be $5\%$ over the long term. The yield to maturity on $10-$year US Treasuries is $6\mathrm{.}0\%$

What is the long$-$term expected return on the S&P$500?$

$3\mathrm{.}500\%$

$9\mathrm{.}500\%$

$1\mathrm{.}500\%$

$7\mathrm{.}500\%$