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A stock is currently priced at $65 per share and will pay a $4 dividend in one year. What must the stock sell for in

A stock is currently priced at $65 per share and will pay a $4 dividend in one year. What must the stock sell for in one year to meet investors' expectations of a 15% after-tax return if dividends are taxed at 37% and there are no capital gains taxes?

Multiple Choice

$70.75

$73.63

$76.00

$72.23

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