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You expect that JK Corp stock will sell for $22 one year from today. You expect to receive $1.20 in dividends over the year you

You expect that JK Corp stock will sell for $22 one year from today. You expect to receive $1.20 in dividends over the year you hold this stock. For a 20% required rate of return for this stock, how much should you pay for it? What is your projected capital gain?

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