8-16B. (Expected rate of1'eturn) Access the Internet to gather the following infonnation for First Union Corporation.

a. The earnings per share and dividends per share for the past five years.

b. The common stock price.

Assuming that the annual growth rate in earnings per share for the past four years is a reasonable estimate of the growth in share price for the indefinite future, 'which it may not be, estimate the expected rate of return for the stock.