The constant-growth dividend discount model can be used both for the valuation of companies and for the estimation of the long-term total return of a stock. Assume the following information. $20= Price of a Stock Today 6%= Expected Growth Rate of Dividends $1.12= Annual Dividend One Year Forward Using only the preceding data, compute the expected long-term total return on the stock using the constant-growth dividend discount model. Do not round intermediate calculations. Report your answer in percent, rounded to two decimal places. Ex. .1245 should be entered as 12.45