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You have just purchased a share of stock for $ 20.00 . The company is expected to pay a dividend of $ 0.50 per share

You have just purchased a share of stock for $ 20.00 . The company is expected to pay a dividend of $ 0.50 per share in exactly one year. If you want to earn a 10.0 % return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend? The price one year from now should be $enter your response here . (Round to the nearest cent.).

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