Top hedge fund manager Sally Buffit believes that a stock with the same market risk as the S&P $500$ will sell at year$-$end at a price $0$ $$57.$ The stock will pay a dividend at year$-$end of $$2\mathrm{.}00.$ Assume that risk$-$free Treasury securities currently offer an interest rate of $1\mathrm{.}8\%.$

Average rates of return on Treasury bills, government bonds, and common stocks, $1900-2020($figures in percent per year$)$ are as follows.

$\backslash$table$[[,\backslash$table$[[$Average Annual$],[$Rate of Return$]],\backslash$table$[[$Average Premium $($Extra$],[$return versus Treasury$]]],[$Portfolio$,(\%),$bills$)(\%)$