Question: Please Answer Correctly, Last Tutor did Wrong. Thank You in advanced (Common stockhoider expected refurn) Zercher executives anticipsle a growth rate of 11 percent for

Please Answer Correctly, Last Tutor did Wrong.

Thank You in advanced

(Common stockhoider expected refurn) Zercher executives anticipsle a growth rate of 11 percent for the company's common stock. The slock is currenty seiling for \$346. 68 per share and pays an end-dyear civisend of \$1. 84 . What is yout expected tale of retum it you purchase the stock for its current market price of $40 es? Vour expected rate of retum is 6. (Roond to two decimal places.)

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