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Please do not forget to round.. You have just purchased a share of stock for $21.96. The company is expected to pay a dividend of

image text in transcribedPlease do not forget to round..

You have just purchased a share of stock for $21.96. The company is expected to pay a dividend of $0.57 per share in exactly one year. If you want to earn a 9.7% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend The price one year from now should be $ (Round to the nearest cent.)

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