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You intend to purchase Dorchester common stock at $52.00 per share, hold it for 1 year, and then sell it after a dividend of
You intend to purchase Dorchester common stock at $52.00 per share, hold it for 1 year, and then sell it after a dividend of $6.25 is paid. How much will the stock price have to appreciate for you to satisfy your required rate of return of 17 percent?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
