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(Common stockholder expected return) Ziercher executives anticipate a growth rate of 11 percent for the company's common stock. The stock is currently selling for $45.17

(Common stockholder expected return) Ziercher executives anticipate a growth rate of 11 percent for the company's common stock. The stock is currently selling for $45.17 per share and pays an end-of-year dividend of $1.51. What is your expected rate of return if you purchase the stock for its current market price of $45.17?

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