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Pearl Incorporated has announced an annual dividend of $6.40. The firm has zero growth and the required rate of return for this type of firm
Pearl Incorporated has announced an annual dividend of $6.40. The firm has zero growth and the required rate of return for this type of firm is 10 percent. Assuming that the ex-dividend date is January 20, calculate the expected stock price for Pearl on January 19 and January 21. (Round answers to 2 decimal places, e.g. 45.15.) Stock Price January 19 $ January 21 $
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