Question: Grape Co . has a stock that has a current price of ( $ 5 0 . 7 8 ) . A

Grape Co. has a stock that has a current price of \(\$ 50.78\). A year from now, the stock is expected to pay a dividend of \(\$ 3.05\) and the price will be \(\$ 47.96\). What is the expected rate of return for this stock? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below rounded to 2 DECIMAL PLACES.
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Grape Co. has a stock that has a current price of

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