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You have just purchased a share of stock for $18.42. The company is expected to pay a dividend of $0.72 per share in exactly one

You have just purchased a share of stock for $18.42. The company is expected to pay a dividend of $0.72 per share in exactly one year. If you want to earn a 10.7% 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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