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Suppose you are thinking of purchasing the stock of x Y Z Electronics, Inc. You expect it to pay a $ 4 . 0 0

Suppose you are thinking of purchasing the stock of xYZ Electronics, Inc. You expect it to pay a $4.00 dividend in one year. You believe you can sell the stock for $25.00 at that time. You require a return of 9% on investments of this risk. What is the maximum you would be willing to pay?
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