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You have just purchased a share of stock for $18.33. The company is expected to pay a dividend of $0.69 per share in exactly one

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You have just purchased a share of stock for $18.33. The company is expected to pay a dividend of $0.69 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? The price one year from now should be $ . (Round to the nearest cent.) You expect KStreet Co's trade at $96 per share right after paying a $2.75 dividend per share in one year. What is the most you would pay to buy the stock now if you want to earn at least a return of 15%? The most you would pay to buy the stock is $ . (Round to the nearest cent.)

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