$($Common stockholder expected return$)$ If you purchased $150$ shares of common stock that pays an$$ end$-$of$-$year dividend of $$$$4\mathrm{.}00,$ what is your expected rate of return if you purchased the stock for $$$$26\mathrm{.}42$ per$$ share? Assume the stock is expected to have a constant growth rate of $8$ percent.

Your expected rate of return is