How much will the stock price have to appreciate for you to, Financial Management

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How much will the stock price have to appreciate for you to

You intend to purchase Dorchester common stock at ?$51.00 per? share, hold it for 1? year, and then sell it after a dividend of ?$6.50 is paid. How much will the stock price have to appreciate for you to satisfy your required rate of return of 16 ?percent?

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

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