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You've just bought a share of stock for $85. You plan to sell it next...

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Finance

You've just bought a share of stock for $85. You plan to sell it next year. The company has been growing, and it plans to increase the dividends by 9% each year, and it has just paid a $6 dividend on each share.

If you sell the share of stock next year, what will be your total percentage return over the coming year?

Write your answer in percent, but do NOT use "%" in your answer, and round your answer to TWO decimal places. For example, if you got 5.43% then simply type 5.43

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