You have just purchased a share of stock for $19.38. The company is expected to pay a dividend of $0.57 per share in exactly one
You have just purchased a share of stock for
$19.38.
The company is expected to pay a dividend of
$0.57
per share in exactly one year. If you want to earn a
9.2%
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?
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Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
