Walter Utilities is a dividend$-$paying company and is expected to pay an annual dividend of $$0\mathrm{.}85$ at the end of the year. Its dividend is expected to grow at a constant rate of $6\mathrm{.}50\%$ per year. If Walter$$s stock currently trades for $$28\mathrm{.}00$ per share, then the expected rate of return on the stock isWalter Utilities is a dividend$-$paying company and is expected to pay an annual dividend of $$0\mathrm{.}85$ at the end of the year. Its dividend is expected to grow at a constant rate of $6\mathrm{.}50\%$ per year. If Walter$$s stock currently trades for $$28\mathrm{.}00$ per share, then the expected rate of return on the stock is