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You have just purchased a share for $ 3 0 . 0 5 . The company is expected to pay a dividend of $ 0

You have just purchased a share for $ 30.05. The company is expected to pay a dividend of $ 0.68 per share in exactly one year. If you want to earn a 10.1% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend?
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Part 1
The price one year from now should be $
enter your response here. (Round to the nearest cent.)

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