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You are considering investing your money in stock ABC for one year. You expect to receive $1.92 in dividends and $32.21 from the sale the

You are considering investing your money in stock ABC for one year. You expect to receive $1.92 in dividends and $32.21 from the sale the stock at the end of the investment period. If you want to earn a 15% return from this investment, what is the highest price you would pay for the stock today? (Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The maximum price you would pay for the stock today is $

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21 of 30 You are considering investing your money in stock ABC for one year. You expect to receive $1.92 in dividends and $32.21 from the sale the stock at the end of the investment period. If you want to earn a 15% return from this investment, what is the highest price you would pay for the stock today? (Please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) The maximum price you would pay for the stock today is $ Unsure

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