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Alberto has one share of stock in one bond the total value of the two securities is $1130.80 the bond has a YTM of 12.63%

Alberto has one share of stock in one bond the total value of the two securities is $1130.80 the bond has a YTM of 12.63% coupon rate of 8.32% and a face value of $1000 pay semiannual coupons with the next one expected in six months and matures in four years the stock pays annual dividends are expected to grow by 4.45% per year the next dividend is expected to be $12.38 in paid in one year what is the expected return for the stock

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