14, Zero-Sum Enterprise expects to pay an annual dividend of $0.48 next year. Dividends and earmings have been growing at a compound annual rate of 8 percent and are expected to continue growing at that rate, What is an investor's required rate of retum on Zero-Sum if the current price is $12? a. 12.32% .48/12(1-.08) 12 (.92) .48/11.04 12.0% 4.32% 10.32% = .643 =.043