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(Common stockholder expected retum) Ziercher executives anticipate a growth rate of 12 percent for the company's common stock: The stock is cirrently selling for $40.59

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(Common stockholder expected retum) Ziercher executives anticipate a growth rate of 12 percent for the company's common stock: The stock is cirrently selling for $40.59 per share and pays an end-of-year dividend of $1.84. What is your expected rate of return if you purchase the stock for its current market price of $40.59 ? Your expected rate of return is 4. (Round to two decimal places.)

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