(Common stock valuation) You intend to purchase Dorchester common stock at $49.50 per share, hold it for 1 year, and then sell it after a dividend of $6.75 is paid. How much will the stock price have to appreciate for you to satisfy your required rate of return of 15 percent?

The stock price have to appreciate ______________ %. (Round to two decimal places.)

Group of answer choices

30.30

13.64

1.36

15.00