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roblem 8-33 (similar to) Question Help (Common stockholder expected return) Ziercher executives anticipate a growth rate of 9 percent for the company's common stock. The

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roblem 8-33 (similar to) Question Help (Common stockholder expected return) Ziercher executives anticipate a growth rate of 9 percent for the company's common stock. The stock is currently selling for $40.97 per share and pays an end-of-year dividend of $174. What is your expected rate of return if you purchase the stock for its current market price of $40.97? Your expected rate of return is % (Round to two decimal places.)

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