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Homework: Chapter 8 Homework Save Score: 0 of 5 pts 9 of 9 (0 complete) HW Score: 0%, 0 of 45 Problem 8-33 (similar to)

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Homework: Chapter 8 Homework Save Score: 0 of 5 pts 9 of 9 (0 complete) HW Score: 0%, 0 of 45 Problem 8-33 (similar to) Question Help (Common stockholder expected return) Ziercher executives anticipate a growth rate of 7 percent for the company's common stock. The stock is currently selling for $38.72 per share and pays an end-of-year dividend of $1.73. What is your expected rate of return if you purchase the stock for its current market price of $38.72? Your expected rate of return is %. (Round to two decimal places.)

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