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10. You expect Technomess Company common stock to pay a dividend of $2.40 one yearfrom now. You can buy the stock now for $52, and

10. You expect Technomess Company common stock to pay a dividend of $2.40 one yearfrom now. You can buy the stock now for $52, and you plan to sell the stock at the endof one year. Given the risk of the stock, your required rate of return is 16%. For whatprice would you need to sell your stock in one year in order to earn your required rate of

return?

a) $58 d) $60b) $15 e) $63c) $22

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