5. You have just purchased a share of stock for $35. The company is expected to pay...
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5. You have just purchased a share of stock for $35. The company is expected to pay a dividend of $1.50 per share in exactly one year. If you want to earn a 12% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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