You have just purchased a share of stock for $21.01. The company is expected to pay...
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You have just purchased a share of stock for $21.01. The company is expected to pay a dividend of $0.66 per share in exactly one year. If you want to earn a 9.3% 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.) You have just purchased a share of stock for $21.01. The company is expected to pay a dividend of $0.66 per share in exactly one year. If you want to earn a 9.3% 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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To earn a 93 return on your investment you want the future selling ... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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