Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.


12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 186.16</td><td>$ 162.81</td><td>$ 207.65</td><td>$ 151.43</td><td>$ 293.33</td></tr><tr><td>3</td><td>s&p 500</td><td>115.06</td><td>117.49</td><td>136.30</td><td>180.44</td><td>205.14</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>96.84</td><td>102.07</td><td>120.66</td><td>153.85</td><td>194.33</td></tr></table> .
Question: what is the value of an investment in edwards lifesciences in 2014?
Answer: 293.33
Question: what about the initial value?
Answer: 100.0
Question: what is the net change?
Answer: 193.33
Question: what is the initial value of the investment?
Answer: 100.0
Question: what rate of return does this represent?

1.9333