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12 130 You are considering investing your money in stock ABC for one year. You expect to receive $1.89 in dividends and $30.76 from the
12
130 You are considering investing your money in stock ABC for one year. You expect to receive $1.89 in dividends and $30.76 from the sale of the stock at the end of the investment period. If you want to earn a 15% return from this investment, what is the highest price you would pay for the stock today? (Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The maximum price you would pay for the stock today is $ Step by Step Solution
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