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. You are considering acquiring SunBlocker Oil common stock that you would like to hold for one year. You expect to receive both $2.50 in
. You are considering acquiring SunBlocker Oil common stock that you would like to hold for one year. You expect to receive both $2.50 in dividends and $37 from the sale of the stock at the end of the year. You require a minimum rate of return of 15%. What is the maximum price you would pay for SunBlocker stock today?
The answer is $34.35
I want the steps please
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