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You have just purchased a share of stock for $19.99 The company is expected to pay a dividend of $0 65 per share in exactly

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You have just purchased a share of stock for $19.99 The company is expected to pay a dividend of $0 65 per share in exactly one year. If you want to com a 94% 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 53. (Round to the nearest cent)

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