Use the formulas for the area and perimeter of a rectangle to solve this problem.

Draw a rectangle that has:

an area of 42 square centimeters
a perimeter of 26 centimeters
The point on the grid represents one vertex of this rectangle.

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To find the dimensions of the rectangle, we will use the given area and perimeter formulas. For a rectangle, the area (A) is equal to the product of its length (L) and width (W), and the perimeter (P) is equal to twice the sum of its length and width.

A = L * W
P = 2 * (L + W)

We are given:

A = 42 sq. cm
P = 26 cm

Now we need to find the length and the width of the rectangle.

Since A = L * W, we can write:

42 = L * W
-> L = 42 / W

Substitute this into the perimeter formula:

26 = 2 * (L + W)
-> 13 = L + W
-> W = 13 - L

Substitute L from the first equation:

W = 13 - (42 / W)
-> W^2 = 13W - 42
-> W^2 - 13W + 42 = 0

Now, we need to solve this quadratic equation for W. The factors of the equation are (W-6)(W-7)=0

So, W = 6 or 7

Since L = 42 / W and L can't be equal to W (because it's a rectangle), when W is 6, then L is 7; and when W is 7, then L is 6.

Thus, there are two possible rectangles with an area of 42 sq. cm and a perimeter of 26 cm:

1. Width = 6 cm, Length = 7 cm
2. Width = 7 cm, Length = 6 cm

Now, we can draw the rectangle on a grid as follows:

- Choose any point on the grid as one vertex.
- From that vertex, draw a horizontal line with the length (6 cm) and a vertical line with the width (7 cm).
- Connect the ends of the horizontal and vertical lines to form the rectangle.