Expected Return on Stock Investment. Tom Laboratory’s common stock is currently selling at $60 per share. The next annual dividend is expected to be $3 per share, and the earnings, dividends, and...

Expected Return on Stock Investment. Tom Laboratory’s common stock is currently selling at $60 per share. The next annual dividend is expected to be $3 per share, and the earnings, dividends, and stock prices are expected to grow at a rate, of: (a) 0 percent; (b) 4 percent; and (c) 6 percent. What is the expected total return in each case from the purchase of the common stock?