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Johnnys Pizzeria is expected to pay $1.55 in dividend in one year (that is, next year). Just after the dividend, the price of the stock
Johnnys Pizzeria is expected to pay $1.55 in dividend in one year (that is, next year). Just after the dividend, the price of the stock is expected to be $15.60. If you require 11.2% on this stock,what is the maximum you would be willing to pay for one share of the stock?
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