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Common stock valuation) You intend to purchase Dorchester common stock at $50.00 per share, hold it for 1 year, and then sell it after a
Common stock valuation) You intend to purchase Dorchester common stock at $50.00 per share, hold it for 1 year, and then sell it after a dividend of $6.00 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.)
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