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(Common stock valuation) You intend to purchase Dorchester common stock at $50.50 per share, hold it for 1 year, and then sell it after a
(Common stock valuation) You intend to purchase Dorchester common stock at $50.50 per share, hold it for 1 year, and then sell it after a dividend of $5.25 is paid. How much will the stock price have to appreciate for you to satisfy your required rate of return of 18 percent? (Round to two decimal places.)
Group of answer choices
5.25%
7.60%
-10.40%
10.40%
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