hw5 question 10 principles of financial management

= Homework: HW 5 (Ch. 8) Question 10, Bookmatc... HW Score: 78.33%, 7.83 of 10 points O Points: 0 of 1 Save (Common stockholder expected return) Ziercher executives anticipate a growth rate of 12 percent for the company's common stock. The stock is currently selling for $42.65 per share and pays an end-of-year dividend of $1.45. What is your expected rate of return if you purchase the stock for its current market price of $42.65? .... Your expected rate of return is %. (Round to two decimal places.)