$($Common

stockholder expected

return$)$

If you purchased

$125125$

shares of common stock that pays an$$ end$-$of$-$year dividend of

$$$$3\mathrm{.}003\mathrm{.}00,$

what is your expected rate of return if you purchased the stock for

$$$$26\mathrm{.}2126\mathrm{.}21$

per$$ share? Assume the stock is expected to have a constant growth rate of

$88$

percent.

Question content area bottom

Part $1$

Your expected rate of return is

enter your response here$\%.$

$($Round to two decimal$$ places.$)$