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1)You have just purchased a share for $30.47.The company is expected to pay a dividend of $0.53 per share in exactly one year. If you
1)You have just purchased a share for $30.47.The company is expected to pay a dividend of $0.53 per share in exactly one year. If you want to earn a 9.8% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend?
The price one year from now should be $________ (Round to the nearest cent.)
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