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The current price of a stock is $100 per share. You expect the price will reach $231/share in 1 year. In addition, next year's

 

The current price of a stock is $100 per share. You expect the price will reach $231/share in 1 year. In addition, next year's dividend will be $3.12 per share. What is the holding-period-return for the next year?

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