Problem 8-32 (similar to) Question Help (Common stockholder expected return) If you purchased 175 shares of common stock that pays an end-of-year dividend of $4.00, what is your expected rate of retum if you purchased the stock for $26.78 per share? Assume the stock is expected to have a constant growth rate of 8 percent. Your expected rate of return is %. (Round to two decimal places.)