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You have just purchased a share of stock for $20.53. The company is expected to pay a dividend of $0.73 per share in exactly
You have just purchased a share of stock for $20.53. The company is expected to pay a dividend of $0.73 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.)
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
