Daniel has one share of stock and one bond. The total value of the two securities is $1,028.80. The bond has a YTM of 12.92 percent, a coupon rate of 8.13 percent, and a face value of $1,000.00; pays semi-annual coupons with the next one expected in 6 months, and matures in 4 years. The stock pays annual dividends that are expected to grow by 4.92 percent per year forever. The next dividend is expected to be $12.33 and paid in one year. What is the expected return for the stock?

		11.97% (plus or minus 0.03 percentage points)
		47.73% (plus or minus 0.03 percentage points)
		7.05% (plus or minus 0.03 percentage points)
		5.63% (plus or minus 0.03 percentage points)
		None of the above is within 0.03 percentage points of the correct answer