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Eastern Bank went public in 2020 and you are thinking about buying it. The stock (EBC) stock is currently selling for $20.57. You are thinking
Eastern Bank went public in 2020 and you are thinking about buying it. The stock (EBC) stock is currently selling for $20.57. You are thinking about buying it and you hope to sell it in 2 years. If your required return on investments of this risk is 10.86%, what must you sell it for?
Round to 2 decimal places. Include a dollar sign ($) or percent (%) as appropriate.
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