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( Common stock valuation ) You intend to purchase Dorchester common stock at $ 5 1 . 0 0 per share, hold it for 1

(Common stock valuation) You intend to purchase Dorchester common stock at $51.00 per share, hold it for 1 year, and then sell it after a dividend of $6.50 is paid. How much will the stock price have to appreciate for you to satisfy your required rate of return of 17 percent?
The stock price have to appreciate %.(Round to two decimal places.)
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