Question
An investor just purchased one share of Amazon stock today for $1,100. The investor would like to hold the stock for exactly ONE year and
An investor just purchased one share of Amazon stock today for $1,100. The investor would like to hold the stock for exactly ONE year and earn a return of 10%. Amazon is expected to pay a $10 per share dividend in exactly one year. To earn the desired return, what must the selling price be for Amazon in exactly one year?
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
