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You have just purchased a share of stock for $20.68. The company is expected to pay a dividend of $0.59 per share in exactly one

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You have just purchased a share of stock for $20.68. The company is expected to pay a dividend of $0.59 per share in exactly one year. If you want to earn a 9.40% fetum on price do you need if you expect to sell the share immediately after if pays the dividend? The price one year from now should be: (Round to the nearest cent)

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