10. Problem 9-12 eBook Problem 9-12 The constant-growth dividend discount model can be used both for the valuation of companies and for the estimation of the long-term total return of a stock. Assumet S10 = Price of a Stock Today 7% = Expected Growth Rate of Dividends $0.90 Annual Dividend One Year Forward Using only the preceding data, compute the expected long-term total return on the stock using the constant growth dividend discount model. Do not round intermediate calculations. Round your answer to two decimal places