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ACME products currently trades at $48.50 per share and is expected to pay a dividend of $0.50 next year. What price will the stock have

ACME products currently trades at $48.50 per share and is expected to pay a dividend of $0.50 next year. What price will the stock have to reach next year to provide a return of 16.5% for the year?

A. $56.00
B. $57.00
C. $57.50
D. $56.50

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