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Grady's common stock returned 11.25% last year. The dividend was 0.70 per share, which was equivalent to a dividend yield of 1.5%. How much did

Grady's common stock returned 11.25% last year. The dividend was 0.70 per share, which was equivalent to a dividend yield of 1.5%. How much did you appreciate the value of the share?

please tell me how to calculate the answer 9.75% ?

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