Ziercher executives anticipate a growth rate of

8

percent for the company's common stock. The stock is currently selling for

$47.89

per share and pays an end-of-year dividend of

$1.83.

What is your expected rate of return if you purchase the stock for its current market price of

$47.89?

Problem 8-33 (similar to) Question Help (Common stockholder expected return) Ziercher executives anticipate a growth rate of 8 percent for the company's common stock. The stock is currently selling for $47.89 per share and pays an end-of-year dividend of $1.83. What is your expected rate of return if you purchase the stock for its current market price of $47.89? Your expected rate of return is % (Round to two decimal places.)