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Current Attempt in Progress You know that the price of Pharoah, Inc., stock will be $ 3 0 exactly one year from today. Today the

Current Attempt in Progress
You know that the price of Pharoah, Inc., stock will be $30 exactly one year from today. Today the price of the stock is $29. Determine
what must happen to the price of Pharoah, Inc., today in order for an investor to generate a 20 percent return over the next year.
Assume that Pharoah does not pay dividends.
The price should
to $
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