answer is not 12.06. help

mework Homework: Chapter 8 Homework Score: 0 of 1 pt 9 of 9 (7 complete) HW Score: 66.67%, 6 of 9 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 $46.21 per share and pays an end-of-year dividend of $2.34. What is your expected rate of return if you purchase the stock for its current market price of $46.21? Your expected rate of return is 12.06 %. (Round to two decimal places.)